Z Energy operating earnings rise 10% on rebound from difficult first half

Wed, 06 May 2015

By Jonathan Underhill May 7 (BusinessDesk) - Z Energy posted a 10 percent increase in full-year operating earnings, as fuel and refining margins improved and the service station chain sold more fuel. Replacement cost earnings before interest, tax, depreciation, amortisation and fair value adjustments, the company's preferred earnings measure, rose to $241 million in the year ended March 31, from $219 a year earlier, the Wellington based company said in a statement. Sales fell 9 percent to $3.06 billion. Statutory net profit tumbled 93...

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