Viva Energy Group Limited (ASX: VEA) provided a trading update wherein it reported actual Geelong Refining Margin for 3Q2019 of USD 8.8/Barrel, with refining intake of 9.7MBBLs. The Margin was driven by the improved regional refining margins, particularly Gasoline margin.
The company also provided Alliance strategy update wherein it reported that Alliance channel has achieved average sales volumes of 64.9 million litres per week through 3Q2019. This is representing an increase of 9.1% on the average weekly sales volumes during 1H2019, mainly driven by the improved retail fuel pricing, loyalty program redemptions, and joint marketing campaigns with Coles.
By AEST 1:07 PM, VEA stock traded at $2.015, up by 2.284% relative to the last close.
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