Z Energy narrows guidance, cuts final dividend
Fuel retailer is looking to reduce opex, improve cashflow amid unprecedented trading conditions.
Reweti Kohere
Fri, 03 Apr 2020
Z Energy has narrowed full-year guidance and cancelled a final dividend payment in a series of initiatives to see it through the Covid-19 pandemic and persistently low refining margins.
In a sharemarket note, the fuel retailer expects earnings for the year ended March 31 to be between $355
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Reweti Kohere
Fri, 03 Apr 2020
Contact the Writer: reweti@nbr.co.nz
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Z Energy narrows guidance, cuts final dividend
Business,
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