Z Energy targets $40-$50 mln operating earnings uplift by 2018

Wed, 02 Apr 2014

By Pattrick Smellie April 3 (BusinessDesk) – Z Energy is targeting an increase of $40 million to $40 million in annual operating earnings by expanding its network of outlets, get customers buying its food and coffee more, refocusing its commercial diesel operation, and squeezing margin from improved refined product pricing. In a presentation for institutional investors to be presented this afternoon, the chief executive of the NZX-listed transport fuels supplier, Mike Bennetts, outlines a refreshed Strategy 2.0, four years on from the sale b...

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