Refinery Update
NZX Announcement
25 June 2018
Refinery Update
Further to the Company’s announcements of the 28
th
May and 22
nd
June 2018 regarding delays to the
restart, we expect the hydrocracker to produce on specification fuels today. We are now able to advise
latest estimates of the shutdown costs which are in the range of $25-$30 million over the original $85m
previously indicated to the market.
The impact on 2018 Net Profit After Tax is expected to be an additional negative $10 million over the
Company’s earlier indication of a negative $30 million Net Profit After Tax impact of the shutdown.
ENDS.
Further information:
Greg McNeill
Communications and External Affairs Manager
T: 094325115; M: 021 873623; E: greg.mcneill@refiningnz.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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