CANBERA (dpa-AFX) - APA Group (APAJF.PK), an energy infrastructure company, reported net profit after tax of A$95 million for the first half, significantly higher than A$34 million for the same period a year ago, primarily helped by lower net finance costs.
EBITDA increased 7.7% to A$1.046 billion from A$971 million last year. Excluding one-time items, underlying EBITDA rose 7.6% year-on-year to A$1.092 billion.
The company has declared a distribution of 27.5 cents per security, up 1.9% from last year.
For the full year, APA Group continues to expect underlying EBITDA of A$2.12 billion to A$2.20 billion. The company also projected a full-year distribution of 58 cents per security, up 1 cent from the prior year.
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