Gas sales volumes and revenue were ahead of budget but below last year's figures due to autogas demand being weaker than expected, the company said.
Wesfarmers said export sales volumes were above budget and last year's figures but weaker international LP gas prices resulted in revenue and profits being below budget and last year's results.
The company told the stock exchange that enhancements to the operation of the LP gas plant in Kwinana continued in the quarter, following recent plant expansion to 330,000 tonnes per annum. As for its 55% owned-Bangladesh LP gas business, Wesfarmers said sales volumes continued to improve with 50 dealers now appointed nationwide.
Wesfarmers added that during the quarter StateWest Power continued to pursue regional power generation opportunities and Kleenheat increased its shareholding in the entity to 76 per cent.
The company said full year earnings from the gas operations are dependent upon both international price trends and local demand in the early winter months but are expected to remain below budget and last year's figures.
