AUSTRALIA

Caltex reports in within guidance

CALTEX has reported in with an after tax profit of $167 million for the half year to July this year, a 61% slump on the previous corresponding period, partly as a result of an accounting loss on inventory.

James McGrath

The result, which Caltex said was in line with guidance, was driven by a $30 million loss on crude and inventory sales. Caltex was able to report in with a $157 million inventory gain in the last corresponding...

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