Viva crashes into financial loss

REFINING giant and fuel wholesaler Viva Energy will succumb to a financial loss, sinking into the red by as much as $47 million, according to its financial guidance released today, however it appears the closure of the Geelong refinery is off the cards.

Viva crashes into financial loss Viva crashes into financial loss Viva crashes into financial loss Viva crashes into financial loss Viva crashes into financial loss

 

On Friday, Viva Energy said it expected a net loss after tax of between $17 million to $47 million, down from a profit of $135.8 million in 2019.