Caltex Australia Posts Drop In H1 Profit
Caltex Australia (OTC: CTXAY) reported a drop in its first-half profit.
Caltex Australia's net profit on a replacement cost-of-sales basis fell to 171 million Australian dollars (US$154 million). The company had earlier expected a profit of A$160 million to A$175 million.
Its profit on a historical cost basis increased 17% to A$195 million.
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