Z Energy 1H earnings fall on refinery top-ups, weaker kiwi dollar

Wed, 05 Nov 2014

By Paul McBeth Nov. 6 (BusinessDesk) - Z Energy, the service station chain, reported a 13 percent decline in first-half earnings, missing its prospectus forecast, after it made top-up payments to the Marsden oil refinery and booked a loss on a weaker New Zealand dollar. Replacement cost earnings before interest, tax, depreciation, amortisation and fair value adjustments, the company's preferred earnings measure, fell to $91 million in the six months ended Sept. 30, from $101 million a year earlier. That's short of the $105 million forecas...

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