Dalrymple Bay Infrastructure has ditched ideas to potentially build a hydrogen plant and will investigate making ammonia instead, boss Anthony Timbrell said, as the Queensland export port’s annual net profit halved to $69 million.examining the possibility of building a hydrogen plantDalrymple Bay Infrastructure says it started shipping coal to China in February after tensions between Australia and China eased.
While revenue from contracts with export customers increased over the full year – partially boosted by higher fees after the portwith miners – finance costs and other expenses, including taxation costs, also rose. DBI has been considering expanding in a project known as 8X that would expand its capacity for exporting metallurgical coal, but is unlikely to make a decision until the first half of 2024.
The company will pay a fourth-quarter dividend of 5.025¢ per share, taking its annual dividend to 19.185¢ per share. It reaffirmed guidance for dividends of 5.025¢ per share in the first and second quarters of calendar 2023.DBI’s shares, which listed in late 2020 at $2.57 per share but have always traded below their offer price, advanced 1.64 per cent to $2.48 on Monday.
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