ZEL
04/09/2015 09:04
GENERAL
PRICE SENSITIVE
REL: 0904 HRS Z Energy Limited
GENERAL: ZEL: Customs process leads to potential one-off earnings impact
Z Energy today said it was in discussions with the New Zealand Customs
Service (Customs), the outcome of which could have a material one-off
negative impact on earnings.
Z said there was insufficient clarity around what the financial impact might
be so was not in a position to update earnings guidance. Z was informing the
market today as it yesterday received a communication from Customs outlining
that a potential impact across the four shareholders of the Wiri fuel
terminal (WOSL) in Auckland could be approximately $71 million in total. Z's
share is estimated to be $25 million, though it is not possible to predict
what the final financial impact might be.
Jonathan Hill: 04 498 0212
End CA:00269646 For:ZEL Type:GENERAL Time:2015-09-04 09:04:23
