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BRIEF-New Zealand Refining Co updates on Auckland pipeline leak
September 25, 2017 / 8:19 PM / in 22 days

BRIEF-New Zealand Refining Co updates on Auckland pipeline leak

Sept 26 (Reuters) - New Zealand Refining Company Ltd -

* Impact of repair cost on co’s fy 2017 npat will be in range of nz$9-11 million

* Based on actual repair time, co has revised down revenue impact from initial announcement of $10-15 million to $8-9 million

* First estimation of costs associated to repairs to refinery to auckland pipeline​, recovery and remediation will be nz$ 4- 5 million

* Only a limited amount of losses due to repairs is expected to be recovered

* All figures in nz$ Source text for Eikon: Further company coverage:

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