VEA 1.37% $2.96 viva energy group limited

Aug 24 (Reuters) - Viva Energy Group Ltd (VEA) : HY UNDERLYING...

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    Aug 24 (Reuters) - Viva Energy Group Ltd (VEA) :

    • HY UNDERLYING NPAT (RC) A$111.9M, UP FROM A$24.4M
    • CONTINUES TO MAKE SIGNIFICANT PROGRESS ON GAS TERMINAL PROJECT, TARGETING FIRST GAS BY 2024
    • EXPECT NEXT FEW MONTHS TO BE IMPACTED FROM PERIODIC LOCKDOWNS IN CAPITAL CITIES
    • INTEND TO TARGET DIVIDEND PAYOUT RATIO OF BETWEEN 50% AND 70% OF RETAIL, FUELS AND MARKETING NPAT (RC)
    • INTEND TO TARGET DIVIDEND PAYOUT RATIO OF BETWEEN 50% AND 70% OF REFINING NPAT (RC)
    • WELL POSITIONED WITH BALANCE SHEET CAPACITY FOR GROWTH; WILL DETAIL SOME OPPORTUNITIES AT UPCOMING INVESTOR DAY IN LATE 2021
 
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