New Zealand Refining Company Limited (NZX:NZR) has released its operational update for May and June 2020. Here are the main highlights:
- Refining NZ’s excellent health, safety and environment performance continued in May and June.
- Gasoline and diesel demand recovered to end the period at circa 95 per cent and 100 per cent, respectively.
- Net debt was circa NZD 250 million at the end of June, reflecting three months of neutral cash operations at the Fee Floor.
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