Z Energy Limited announced that at its shareholders have appointed Abby Foote and Justine Munro to its Board as independent directors. Abby Foote is an experienced director of both publicly listed and Crown companies. justine Munro is a New Zealand Rhodes Scholar who is globally recognized in the field of corporate social responsibility and business, community and government partnership. Marko Bogoievski said both Abby and Justine would join the Z Board effective from 15 May and there would be no further changes to the Z Board at this time.

Z Energy announced audited group and parent earnings results for the full year ended March 31, 2013. For the year, the group reported revenue of NZD 2,989.3 million against NZD 3,179.3 million for the same period last year. Operating surplus before financing, derivatives, impairments and sale of fixed assets was NZD 123.6 million against NZD 175.7 million for the same period last year. Result from operating activities was NZD 132.7 million against NZD 175.1 million for the same period last year. Net profit before taxation was NZD 90.9 million against NZD 135.7 million for the same period last year. Net profit attributable to owners of the company was NZD 57.3 million against NZD 99.6 million for the same period last year. Net cash inflow from operating activities was NZD 381.9 million against NZD 58.9 million for the same period last year. Purchase of intangible assets was NZD 69.4 million against 18.6 million for the same period last year. Purchase of property, plant and equipment was NZD 67.5 million against NZD 64.1 million for the same period last year. For the year, the parent reported revenue of NZD 67.1 million against NZD 58.9 million for the same period last year. Operating surplus before financing, derivatives, impairments and sale of fixed assets was NZD 66.6 million against 58.5 million for the same period last year. Result from operating activities was NZD 71.0 million against NZD 62.0 million for the same period last year. Net profit before taxation was NZD 29.0 million against NZD 24.5 million for the same period last year. Net profit attributable to owners of the company was NZD 39.6 million against NZD 34.1 million for the same period last year. Net cash inflow from operating activities was NZD 26.1 million against NZD 24.8 million for the same period last year.

Z Energy Limited announced that the company had received resource consent for an additional 25 million litres of storage at Port of Lyttelton in Christchurch. The company has plans to build two new 10 million litre bulk fuel storage tanks at Lyttelton Port. Re-founding existing tanks will also increase storage at the port by an additional five million litres. Z is also currently in the preliminary engineering and consenting phase for additional bulk fuel storage at Mount Maunganui.