Z Energy reaffirms guidance on improved volumes

Wed, 20 Jan 2021

Rising retail fuel volumes and a stronger New Zealand dollar helped offset the impact of rising crude oil costs on Z Energy’s earnings, prompting it to re-commit to November's full year guidance.The company, the country’s biggest fuel retailer, said volumes sold through its Z chain and Foodstuffs outlets in the December quarter were 1.9 percent higher than a year earlier. Volumes through the Caltex chain were 0.6 percent higher, while average weekly convenience store sales across the group were 5.9 percent higher.While competiti...

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