Earnings Reports

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Caltex Australia released better than expected first quarter earnings. $CTX.AU profit was boosted by increased transport fuel sales as Australia's economy expands.

Caltex Tanker

Earnings

Aftertax profit for the first quarter rose to 172 million Australian dollars (US$129.6 million). The figure includes an inventory gain of A$17 million. A year ago $CTX.AU reported a profit of A$161 million.

Earnings measured on a replacement-cost of sales basis remained static over the year.with A$155 million compared to A$154 million last year.

Highlights

  • Sales of transport fuels from its production rose 8% to 1.58 billion liters, up 8%
  • Refiner margin declined by US$2.82 barrel year-over-year to US$9.40
  • Total sales volumes domestically were 3% higher at 4.1 billion liters.

Source: Caltex

From a Sunburnt Country...

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