Global energy company, Ampol, has announced that its unaudited recurring operating profit for the full year is expected to exceed last year's record results.
The increase in earnings is attributed to growth in non-refining divisions, which offset a decline in refinery earnings.
Ampol also reported strong performance in its Australian convenience retail business and the delivery of performance improvements and synergies within Z Energy.
In regards to the Lytton refinery, the company revealed that refinery volumes for the fourth quarter were lower compared to the same period last year, primarily due to an unplanned outage in December.
The Lytton refiner margin for the quarter was US$10.52 per barrel, down from US$11.76 per barrel in the fourth quarter of 2022.
Ampol will provide a detailed trading update as part of its full year results presentation in February.
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