ExxonMobil NZ division lifts net operating profit 57% in 2017

Fri, 18 May 2018

By Rebecca Howard May 18 (BusinessDesk) - The New Zealand division of ExxonMobil lifted its net operating profit 57 percent in 2017 as revenues rose on higher volumes. The local company's net profit from continuing operations for the year to December 2017 was $143.3 million, up from $91.2 million in the prior year, financial statements lodged with the Companies Office show. Revenue rose to $2.68 billion versus $2.20 billion in the prior year "in what continues to be a challenge and competitive marketplace," ExxonMobil's NZ directors said...

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