June 15, 2020 / 10:09 PM / a month ago

Australia's Viva Energy expects lower H1 core profit

June 16 (Reuters) - Australia’s Viva Energy Group on Tuesday forecast lower first-half core profit as coronavirus-led curbs eroded fuel demand, and said maintenance at a unit of its Geelong refinery in Victoria would begin a month earlier than scheduled.

Viva expects underlying earnings before interest, tax, depreciation and amortization (EBITDA) between A$257.5 million and A$287.5 million on a replacement cost basis for the six months to June 30, compared with A$297.4 million ($205.7 million) last year. ($1 = 1.4459 Australian dollars) (Reporting by Shashwat Awasthi in Bengaluru; Editing by Devika Syamnath)

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