November 12, 2018 / 9:43 PM / a month ago

Australia's Incitec Pivot clocks 9 pct rise in annual profit

Nov 13 (Reuters) - Explosives and fertilizer maker Incitec Pivot Ltd lodged a nine percent rise in annual underlying profit on Tuesday, as businesses in the United States and Australia benefited from strong mining, quarry and construction demand.

The world’s No. 2 maker of industrial explosives said net profit excluding one-off items rose to A$347.4 million ($249.33 million) for the year ended September 30 from A$318.7 million a year earlier.

Full-year revenue rose 11 percent to A$3.86 billion from a year earlier, the company said in a statement. ($1 = 1.3933 Australian dollars) (Reporting by Chandini Monnappa in Bengaluru, Editing by William Maclean)

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