British downstream petroleum company Vivo Energy plc (VVO.L) on Wednesday said its net income for the full year increased to $152 million from $90 million in the prior year, helped by higher crude oil prices and sales volume growth.
Earnings per share rose to 11 cents from 6 cents a year ago.
Attributable net income for the year increased to $140 million from $80 million last year.
Excluding one-time items, adjusted income grew to $157 million or 11 cents per share from $90 million or 6 cents per share a year ago.
EBITDA, or earnings before interest, taxes, depreciation, and amortization jumped to $442 million from $360 million in the previous year.
Adjusted EBITDA rose 24% year-over-year to $447 million.
Revenue for the year increased 22% to $8.458 billion from $6.918 billion last year.
The company said its sales volumes were 7% up from last year as Covid-19 restrictions were relaxed in its markets.
Further, Vivo announced an interim dividend of 4 cents per share, to be paid on Friday, 24 June to shareholders on the register as at 27 May.
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