Viva Energy Group Ltd. ( (AU:VEA) ) has issued an announcement.
Viva Energy Group Limited reported its financial results for the year ended December 31, 2024, showing a significant decrease in net profit on a historical cost basis, with a loss of $76.3 million compared to a profit of $3.8 million the previous year. However, on a replacement cost basis, which the company uses to better reflect its operating performance by excluding oil price fluctuations, the net profit was $254.2 million, down from $318.2 million in 2023. This decline reflects challenges in the market, impacting earnings per share and net tangible assets per share, which also saw substantial decreases.
More about Viva Energy Group Ltd.
Viva Energy Group Limited operates in the energy sector, primarily focusing on the supply and distribution of fuel and related products across Australia. The company is a key player in the Australian market, providing essential energy solutions and services.
YTD Price Performance: -5.26%
Average Trading Volume: 340
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €2.35B
Learn more about VEA stock on TipRanks’ Stock Analysis page.