MARKETS

Caltex warns first-half underlying net profit to fall 50%

Slowing economy, low margins and high crude prices hit retailer hard

Caltex warns first-half underlying net profit to fall 50%

Shares in Caltex Australia fell as much as 18% as the company downgraded its forecast replacement cost operating profits to somewhere between A$120 and $140 million, which is well below last year's...

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