Z Energy FY earnings fall 13% on refinery outage, crude price hike

Z Energy FY earnings fall 13% on refinery outage, crude price hike
Gavin Evans
By Gavin Evans May 2 (BusinessDesk) -  Z Energy reported a 13 percent decline in full-year net profit after an extended outage at the Marsden Point refinery raised its costs and record pump prices reduced sales volumes industry-wide. The country’s biggest fuel retailer said net profit, measured on a replacement cost basis, fell to $178 million in the year ended March 31, from $205 million a year earlier. Earnings before interest, tax, depreciation, amortisation and changes in financial instruments, also measured on a replacement cost b...

More Infrastructure

Govt to toll three new highways
Policy

Govt to toll three new highways

The Transport Minister has unveiled reforms to support more toll roads.

Oliver Lewis 13 Dec 2024
From light rail to ‘property management’
Infrastructure

From light rail to ‘property management’

Auckland Light Rail avoided a rebrand, but it isn't long for this world.

Oliver Lewis 13 Dec 2024
Protest vote against Tony Gibson
Infrastructure

Protest vote against Tony Gibson

The former Port of Auckland boss was reappointed to Marsden Maritime Holdings.

Oliver Lewis 13 Dec 2024
Tonkin and Taylor announce Vanessa Stoddart as chair
Infrastructure

Tonkin and Taylor announce Vanessa Stoddart as chair

Stoddard is a director of the Channel Infrastructure board.

Staff reporters 12 Dec 2024