CNBC Africa


Vivo Energy expects annual core earnings above market view

PUBLISHED: Fri, 12 Feb 2021 07:27:38 GMT

Feb 12 (Reuters) – Africa-focussed fuel retailer Vivo Energy on Friday forecast its full-year core earnings above the top end of the market’s expectations as COVID-19 curbs eased, and said it intends to recommend a dividend of 3.8 cents per share for 2020.

Vivo, which distributes Shell and Engen-branded fuels and lubricants, said it expects adjusted earnings before interest, taxes, depreciation, and amortization above the top end of market estimate of $331 million-$354 million. (Reporting by Shanima A in Bengaluru; editing by Uttaresh.V)

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