Viva earnings rebound after strong quarter

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Viva’s Geelong refinery benefited from stronger margins in the December quarter, and the company is unlikely to need the government’s subsidy for this period.

Viva Energy expects a near-doubling of its gross earnings this year after a December quarter that was so strong that it does not expect to call on

“Following a challenging third quarter, with simultaneous lockdowns across two of our largest markets, Viva Energy’s business is recovering well from the impacts of the pandemic,” said chief executive Scott Wyatt. Fuel sales volumes are expected to be up 6 per cent on last year, at between 12.9 billion and 13.1 billion litres.

 

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