2158 GMT - Ampol could resume paying special dividends to shareholders in a year's time, Jefferies says. Ampol endured a tough 2024, dealing with soft crack spreads and outages at its refinery in Australia's Queensland state, but yesterday's 4Q update pointed to a recovery in its Lytton Refiner Margin. Jefferies analyst Michael Simotas says Ampol's other businesses continue to perform well, highlighting the strong performance of its Convenience Retail division despite fragile consumer confidence and sales of illicit tobacco. "Ampol is well positioned for 2025, with crack spreads improving and refinery turnaround and inspection delayed to 2026, which should enable special dividends to resume in February 2026," Jefferies says.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 23, 2025 16:58 ET (21:58 GMT)
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