Z Energy delivers full year profit

Company News

Z Energy Limited (ASX:ZEL) has delivered historical cost net profit after tax of NZD$64 million for the year ended 31 March 2016, up from $7 million a year earlier.
Replacement cost operating EBITDAF was NZD$238 million, down from NZD$241 million in the previous corresponding period.
Sales fell to NZD$2.5 billion from NZD$3.06 billion.
CEO Mike Bennetts said the stand-alone Z business was forecasting replacement cost operating EBITDAF of NZD$260 to $290 million and capex of NZD$60 million for FY17.
Z Energy will pay a final dividend of 18.1 cents a share.