Business

Oil price slump hits Z Energy's books

13:49 pm on 7 May 2015

The slump in oil prices has dragged down Z Energy's net profit by 93 percent.

Photo: RNZ

However, the petrol station company's operating profit for the year to the end of March is $241 million - ten percent higher than this time last year.

The company said it had experienced the most competitive year in its history and the most variable operating environment in 20 years.