7 May 2015

Oil price slump hits Z Energy's books

1:49 pm on 7 May 2015

The slump in oil prices has dragged down Z Energy's net profit by 93 percent.

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Photo: RNZ

However, the petrol station company's operating profit for the year to the end of March is $241 million - ten percent higher than this time last year.

The company said it had experienced the most competitive year in its history and the most variable operating environment in 20 years.

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