6:50 PM Sydney, Australia – Incitec Pivot Limited revenue fell 27.5% and net profit rose 33%.

Incitec Pivot Limited, the fertiliser supplier said first half revenues fell 27.5% to A$1.24 billion from A$1.71 billion a year ago. Net profit for the first half rose 33% to A$132.4 million or 8.2 cents per diluted share compared to net profit of A$99.6 million or 6.7 cents per share a year ago.

Incitec Pivot Limited, in the last one year traded as high as A$3.83 in January 2010 and as low as A$2.14 in July 2009. Based on the Friday’s closing price of A$3.18 the company has market cap of A$5.13 billion.