Z Energy raises earnings, dividend forecast on crude oil slump

Tue, 22 Jan 2019

By Gavin Evans Jan. 23 (BusinessDesk) - Z Energy has increased its full-year earnings guidance by more than $15 million due to improved margins following the sharp drop in oil prices late last year. The country’s biggest fuel retailer said falling crude prices and resulting reduction in pressure on margins will enable it to deliver operating earnings of between $420 million and $450 million for the year ending March 31. In November the firm had cut its guidance to $400-to-$435 million, citing pricing pressures. The firm today also i...

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