Fertilizer, chemical and explosives manufacturer IPL has rallied steadily in 2021 and in July they announced changes to its manufacturing model switching from a global to regional structure as it strives to improve efficiency. The company’s last half-year results announced in May disappointed investors after it delivered a 6.7% drop in revenue to $1.724bn, however expectations are for a better second half leading to a doubling of profit on FY20.
MM is neutral to bullish IPL
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