Viva Energy Group Limited has announced a jump in first-half earnings with $127 million net profit, up 27% from a year ago.
The company said a global energy crunch saw the company post a jump in pre-tax revenues from its refining business of 747%.
?We remain positive about the outlook and are well positioned with a strong balance sheet and net cash position, to further progress our strategic agenda to develop and maximise new growth opportunities across our diverse business?, said Managing Director Scott Wyatt.
Shares in Viva Energy Group rose 1.79% following the announcement.