|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.2940 - 1.2940|
|52 Week Range||1.0820 - 1.6054|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||11.89|
|Forward Dividend & Yield||0.02 (1.56%)|
|1y Target Est||N/A|
The company, which distributes and markets Shell-branded fuels and lubricants in Africa, said gross profit rose to $624 million (474.6 million pounds) last year from $614 million a year earlier. Vivo energy, a result of a partnership between energy trader Vitol Group and Africa-focused private equity firm Helios Investment, said adjusted core earnings rose by 6 percent to $400 million on volumes up 4 percent at 9.351 billion litres of fuel. The company expects volumes to hit around 10 billion litres this year following the completion of its acquisition of a subsidiary of South African retail firm Engen Ltd on March 1.
The deal, first announced on Dec. 4, will close on March 1, 2019 but will not include Engen's international operations in the DRC, Vivo said, adding that talks were ongoing between the companies and DRC's government. Vivo Energy Chief Executive Officer Christian Chammas said nine countries had come on board, allowing the deal to be fast-tracked. Any acquisition of Engen's DRC filling stations would now be a separate deal, Chammas told Reuters, but declined to place a value on the assets.
A look at the shareholders of Vivo Energy plc (LON:VVO) can tell us which group is most powerful. Institutions will often hold stock in bigger companies, and we expect toRead More...