Ampol (ASX:ALD) said its total sales volume declined 7.4% in the first quarter to 6.1 million liters from 6.6 million liters a year ago, according to a Wednesday Australian bourse filing.
The company reported mid-single-digit percentage growth in earnings before interest and tax (EBIT) from each of its convenience retail segments and its New Zealand segment.
The company said its first-quarter Lytton refiner margin was $6.07 per barrel with a total production of 1.3 million liters including the impact of Cyclone Alfred.
The company reported that refiner margins in March and early April have dropped to levels that, if sustained throughout the second fiscal quarter, would qualify it for payment under the Fuel Security Services Payment program providing downside protection during a period of global refining market weakness.
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