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Reuters
Reuters
Business

New Zealand's Z Energy cuts fiscal 2019 guidance on higher pump prices

(Reuters) - New Zealand's Z Energy Ltd <ZEL.NZ> on Wednesday cut its fiscal 2019 earnings guidance, citing "unexpected levels of disruption" in its supply chain and high pump prices during the first quarter.

Fiscal 2019 EBITDAF is now expected to be between NZ$420 million and NZ$455 million ($285 million and $308 million), down from the previous range of NZ$450 million to NZ$485 million, the fuel supplier said.

It maintained fiscal year 2019 dividend guidance of between NZ$0.50 and NZ$0.55 per share.

(Reporting by Aaron Saldanha in Bengaluru; Editing by Kevin Liffey)

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