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BUZZ-Australia's Viva Energy tumbles as lower tobacco sales hit convenience unit

Reuters
01/29
BUZZ-Australia's <a href="https://laohu8.com/S/VEA.AU">Viva Energy</a> tumbles as lower tobacco sales hit convenience unit

** Shares of Viva Energy Group VEA.AX fall as much as 9.8% to A$1.84, hitting their lowest level since November 14

** Stock logs biggest intraday pct fall since September 22

** Retail convenience and fuel network operator reports Q4 convenience sales of A$431 million ($303.25 million), an 11.4% decline compared to last year

** Attributes fall to a 33.6% drop in tobacco sales, due to the impact of illicit trade within the sector

** Stock fell 22.1% last year

($1 = 1.4213 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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