ASX biggest loser today is ZEL Z ENERGY LTD following ASX announcement
13/12/2019 7:31:04 AM Z Energy (ZEL) December Earnings Announcement (uploaded)
Because of weaker than expected refining margins, our response to the changes arising from MARPOL and lower forecast retail margins, Z Energy (Z) has revised its EBITDAF earnings guidance for FY20 to be between $350 million and $385 million from the previous range of $390 million to $430 million.
Consistent with our dividend policy, Z is reflecting the lower earnings outlook in our dividend guidance for FY20 of $0.40 per share, compared to previous guidance of $0.48 to $0.50 cents per share.
104
Be the first to comment