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MarketScreener Homepage  >  Equities  >  NEW ZEALAND STOCK EXCHANGE  >  New Zealand Refining Company Ltd    NZR   NZNZRE0001S9

NEW ZEALAND REFINING COMPANY LTD

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New Zealand Refining : Fuel Pipeline Inquiry

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12/06/2018 | 09:07pm EST

Media Statement

7 December 2018

Fuel Pipeline Inquiry

Refining NZ looks forward to working with the Government in the Inquiry into the 2017 outage on the Refinery to Auckland pipeline and the resilience of fuel supply into Auckland.

"The pipeline is a vital piece of infrastructure for New Zealand. It is good to see the scope and terms of reference for this Inquiry confirmed, and we will continue to work with the Government and assist the inquiry in every way," Refining NZ CEO, Mike Fuge, said.

Refining NZ has provided the Government with expert reports on the outage and kept it closely informed on pipeline monitoring and ongoing work by the refinery in supporting the resilience of Auckland's fuel supply.

ENDS

For information: Greg McNeill

P: (09) 4325115; M: 021 873 623; E: greg.mcneill@refiningnz.com

Disclaimer

The New Zealand Refining Company Limited published this content on 07 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 December 2018 02:06:08 UTC

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Financials (NZD)
Sales 2019 371 M
EBIT 2019 38,8 M
Net income 2019 17,6 M
Debt 2019 235 M
Yield 2019 4,53%
P/E ratio 2019 35,0x
P/E ratio 2020 9,30x
EV / Sales2019 2,23x
EV / Sales2020 1,99x
Capitalization 593 M
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 2,26  NZD
Last Close Price 1,97  NZD
Spread / Highest target 32,5%
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Spread / Lowest Target 1,52%
EPS Revisions
Managers
NameTitle
Michael Fuge Chief Executive Officer
Simon Christopher Allen Chairman
Denise M. Jensen Chief Financial Officer & Secretary
Robin Baxter Engineering Manager
Vanessa Cynthia May Stoddart Independent Director