VEA 0.97% $3.05 viva energy group limited

News: VEA Viva Energy interim profit jumps fourfold on fuel demand rebound

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    Aug 24 (Reuters) - Australia's Viva Energy Group (VEA) reported an over fourfold rise in half-year profit on Tuesday, helped by a rebound in fuel demand after domestic coronavirus restrictions eased earlier this year.

    The fuel supplier's profit after tax for the six months ended June 30 was A$111.9 million ($80.72 million) on a replacement cost basis, which excludes the impact of inventory and foreign exchange changes.

    It declared an interim dividend of 4.1 Australian cents per share, compared with 0.8 Australian cents per share a year ago.

    ($1 = 1.3862 Australian dollars)

 
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