Low margins hurt Refining NZ’s full-year profit
Under-pressure margins will continue over the medium term, an analyst says.
The New Zealand Refining Company’s bottom line has taken a $26 million hit as it copes with challenging low margins.
The Marsden Pt oil refinery owner posted a full-year net profit of $4.2m, down 86% from 2018.
It was a “disappointing” result, managing director Paul Zealand said, that
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