Caltex Australia Posts Drop In H1 Profit

Caltex Australia (OTC:

) 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.