The New Zealand Refining Company reported an improved after-tax full-year profit of $57.7 million for the year ending December last year.
Chairman of the Northland-based company David Jackson said the result exceeded company expectations and was a significant improvement on the previous year's result of $23.6 million.
AdvertisementAdvertise with NZME.
Latest from Business
Market close: Israeli attack on Iran sends markets into further turmoil
But the local index and its defensive stocks fared the best in terms of falls.