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

Wed, 01 May 2019

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...

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