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 smashed by refining loss Ampol smashed by refining loss Ampol smashed by refining loss 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.