Vivo Energy plc (LON:VVO – Get Free Report) fell 0.8% during mid-day trading on Tuesday . The stock traded as low as GBX 149.40 ($1.83) and last traded at GBX 149.40 ($1.83). 8,155,271 shares changed hands during trading, an increase of 106% from the average session volume of 3,958,432 shares. The stock had previously closed […]
Vivo Energy plc (LON:VVO – Free Report) was down 0.8% during trading on Friday . The stock traded as low as GBX 149.40 ($1.90) and last traded at GBX 149.40 ($1.90). Approximately 8,155,271 shares traded hands during trading, an increase of 106% from the average daily volume of 3,958,432 shares. The stock had previously closed […]
Vivo Energy plc (LON:VVO – Get Rating) traded down 0.8% on Thursday . The company traded as low as GBX 149.40 ($1.87) and last traded at GBX 149.40 ($1.87). 8,155,271 shares were traded during mid-day trading, an increase of 106% from the average session volume of 3,958,432 shares. The stock had previously closed at GBX […]
Vivo Energy plc (LON:VVO – Get Rating) fell 0.8% on Thursday . The company traded as low as GBX 149.40 ($1.87) and last traded at GBX 149.40 ($1.87). 8,155,271 shares traded hands during mid-day trading, an increase of 106% from the average session volume of 3,958,432 shares. The stock had previously closed at GBX 150.60 […]
3 March 2021 | 08:01am
StockMarketWire.com - Africa-focused fuel retailer Vivo Energy booked a 40% drop in annual profit, owing to lower demand for petrol during the pandemic.
The company, however, also said it would increase its dividend payout ratio amid a recovery in trading conditions.
Net income for the year through December fell to $90 million, down from $150 million year-on-year, as revenue slid 17% to $6.92 billion.
Fuel volumes dropped 7% to 9.64 billion litres and adjusted operating profit fell 16% to $360 million.
Vivo Energy held its annual dividend steady at 3.8c per share.
Looking forward, the company said it experienced a swift recovery in the second half of 2020 and has growing confidence for the future, with the positive trends expected to continue into 2021.