Viva Energy Group Ltd. (AU:VEA) has released an update.
In its 1Q2024 update, Viva Energy Group Ltd. reported a 7.5% increase in total sales volumes compared to the same period last year, bolstered by strong demand in the Commercial & Industrial sector and high refinery productivity. Despite challenges such as adverse weather and cost-of-living pressures, the Convenience & Mobility segment managed to maintain stable fuel sales volumes year-over-year when adjusted for one-off events. The company’s recent acquisition of OTR Group marks a strategic expansion, expected to drive further growth in its convenience retail and fuel businesses.
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