Viva Energy Provides 1H2020 Financial Guidance, Geelong Refinery Update & On-Market Buy-Back

  • Jun 16, 2020 AEST
  • Team Kalkine

Viva Energy (ASX:VEA) intends to proceed with the major maintenance event of its Residual Catalytic Cracking Unit at the Geelong Refinery.

  • Total sales volumes are anticipated to be in the range of ~ 6,100 to 6,200 million litres.
  • In May, the weekly sales in the retail Alliance channel were 45.1 million litres, up 16.4% on April 2020.
  • Drop in retail sales were offset by cost reductions and improvements in retail fuel margins.
  • Other than Aviation, Commercial sales were resilient and were largely unaffected by the COVID-19 related restrictions so far.
  • Supply, Corporate & Overheads were lower as compared to the previous corresponding period.
  • The earlier announced on-market buyback would start in June 2020





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