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