Z Energy downgrades its earnings forecast

Thu, 11 Mar 2021

Z Energy lowered the top end of its guidance range for the year to March 31. It now expects earnings before interest, tax, depreciation, amortisation and changes in financial instruments to be between $235 million and $245m.It previously forecast ebitdaf to be between $235m and $265m.Z Energy chief executive Mike Bennetts said the focus has been on "our core business" as New Zealand "bounced back from the worst effects of covid-19"."Markets, like jet, have yet to recover from covid and the most recent lockdowns hav...

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