MARKETS

Ampol smashed by refining loss

FUEL refiner and supplier Ampol posted a $132 million fall in profits as its Lytton refinery took heavy losses due to demand destruction wrought by COVID-19 over the last 12 months.

Ampol smashed by refining loss

  Ampol, the largest fuel seller in the country, revealed its net profit after tax on a replacement cost basis had dropped from $344 million in 2019 to $212 million over 2020.  Overall, including...

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