Viva profits smashed in first half

AUSTRALIAN fuel refining and retailing business Viva Energy Group might be giving its shareholders a new dividend, but the outbreak of COVID-19 in Victoria has hit the business hard.

Viva profits smashed in first half Viva profits smashed in first half Viva profits smashed in first half Viva profits smashed in first half Viva profits smashed in first half

Viva's first half profits, excluding one-time items, were down 32.6% on the prior year at $34.3 million. 

Underlying EBITDA was up 17.5% on the first half of 2019, however, at $332.