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New Zealand Refining Company Ltd (NZR.NZ)

NZR.NZ on New Zealand Stock Exchange

2.51NZD
29 May 2017
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Latest Key Developments (Source: Significant Developments)

New Zealand Refining says gross refinery margin for March/April was US$9.35 per barrel
Wednesday, 17 May 2017 06:49pm EDT 

May 18 (Reuters) - New Zealand Refining Company Ltd ::Gross refinery margin of USD 9.35 per barrel and captured processing fee income of NZ$48.1 million for March/April period.  Full Article

New Zealand Refining says there was a "minor fire" on a crude furnace at Marsden Point refinery
Monday, 10 Apr 2017 05:57pm EDT 

New Zealand Refining Company Ltd : on Saturday 8 April there was a minor fire on a crude furnace at Marsden Point refinery. . incident was managed successfully, without injury to refinery staff or emergency services crews. . furnace has subsequently been inspected and a limited amount of necessary repair work is underway .company can confirm that there is no material impact on refining margins as a result of this incident..  Full Article

New Zealand Refining posts throughput of 7.2 mln barrels for Jan/Feb
Tuesday, 21 Mar 2017 08:26pm EDT 

New Zealand Refining Company Ltd : Achieved a gross refinery margin (grm) of USD 6.58 per barrel for January/February period . Average exchange rate for January/February period was USD/NZD 0.72 . Throughput of 7.2 million barrels for January/February period ."Despite inclement weather over past few weeks, March shutdown is progressing to plan".  Full Article

New Zealand Refining posts throughput of 7.2 mln barrels for Jan/Feb
Tuesday, 21 Mar 2017 07:05pm EDT 

New Zealand Refining Company Ltd : Achieved a gross refinery margin (grm) of USD 6.58 per barrel for January/February period . Average exchange rate for January/February period was USD/NZD 0.72 . Throughput of 7.2 million barrels for January/February period ."Despite inclement weather over past few weeks, March shutdown is progressing to plan".  Full Article

New Zealand Refining Company posts FY net profit after tax of NZ$47 mln
Monday, 27 Feb 2017 02:31pm EST 

New Zealand Refining Company Ltd : FY operating revenue of $354mln (2015: $446mln), and strong cost control delivered an NPAT of $47mln (2015: $151mln) . Company's directors have resolved to pay a fully imputed final dividend of 6 cents per share .All figures in NZ$.  Full Article

New Zealand Refining posts 82 pct fall in half-year NPAT
Monday, 22 Aug 2016 04:34pm EDT 

New Zealand Refining Company Ltd : The New Zealand Refining Company Limited - half year announcement 2016 . Refining NZ reported interim net profit after tax (NPAT) of $11.6 million for the six months ending 30 June 2016, from $65.4 million last year . Says have resolved to pay a fully imputed interim dividend of 3 cents per share . There is near term pressure from product 'overhang', the result of a build-up of surplus stocks . 1H 2016 throughput 21.1 mln barrels versus 20.9 mln barrels . 1H 2016 GRM US$6.37 versus US$9.09 .All figures in NZ$.  Full Article

New Zealand Refining says May/June throughput for period was 6.8 mln barrels
Tuesday, 19 Jul 2016 05:05pm EDT 

New Zealand Refining Company Ltd : Says may/june throughput for the period was 6.8 million barrels . May/june processing fee income of NZ$ 43.3 million . May/june gross refinery margin for the period of USD 6.26 per barrel . For the first half year the grm was USD 5.25 per barrel with a throughput of 21.1 million barrels .  Full Article

New Zealand Refining Company March/April throughput was 7.5 mln barrels
Monday, 16 May 2016 06:11pm EDT 

New Zealand Refining Company Ltd : March/April gross refinery margin (grm) for the period was usd 5.72 per barrel excluding the shutdown and repair work .Says throughput for the period march/april 2016 was 7.5 million barrels.  Full Article

New Zealand Refining Company Ltd - Marsden refinery fire injures one; plant operations normal - Reuters
Monday, 15 Feb 2016 06:02am EST 

New Zealand Refining Company Ltd:A fire broke out at New Zealand Refining's Marsden Point oil refinery in Whangarei, injuring one person, but refining operations are not affected, a company spokesman said on Tuesday - RTRS.The fire broke out at a gasoline-making unit known as a platformer that had been shut permanently. - RTRS.The unit is in the process of being demolished after being replaced with a new continuous catalyst regeneration (CCR) platformer, spokesman Greg McNeill told Reuters - RTRS."There was a small fire which broke out at 4:30 p.m. New Zealand time (0330 GMT) and was contained within half an hour," he said. - RTRS.One person received minor burns and has been taken to the local hospital, he added.The Marsden refinery has a capacity to process about 135,000 barrels per day of crude.  Full Article

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BRIEF-New Zealand Refining posts throughput of 7.2 mln barrels for Jan/Feb

* Achieved a gross refinery margin (grm) of USD 6.58 per barrel for January/February period