Z Energy says petrol market is competitive, pushes 'Strategy 3.0' with Foodstuffs tie-up

Thu, 03 May 2018

By Sophie Boot May 3 (BusinessDesk) - Z Energy, which today reported revenue and profit rose in the latest financial year, has reiterated its view that the petrol market is competitive as it pushes its innovation and capability-led strategy. In the year to March 31, revenue surged 18 percent to $4.57 billion. Net profit rose 8 percent to $263 million, while replacement cost operating earnings before interest, tax, depreciation and financial adjustments - a measure Z uses to strip out the changing value of inventory - rose 13 percent to $4...

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