Viva Energy Group Ltd. (AU:VEA) has released an update.
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Viva Energy Group Ltd. has reported a robust first half for 2024, with a 6% increase in fuel sales and a 25% surge in EBITDA to $452 million, demonstrating the company’s resilience amid cost-of-living and inflation challenges. The firm also announced a fully-franked interim dividend of 6.7 cents per share and is progressing well with the integration of the OTR Group acquisition, which is anticipated to significantly boost Convenience & Mobility earnings by 2028. Despite the challenging consumer market, Viva Energy is focused on cost reduction and efficiency improvements, with plans to convert 30 stores to the OTR model within the next year.
For further insights into AU:VEA stock, check out TipRanks’ Stock Analysis page.
