Caltex first-quarter profit falls

MD tells shareholders of slip in profit at group's annual general meeting.

Caltex Australia (CTX) has posted an unaudited 36% fall in first quarter profit after tax on a statutory basis, managing director Julian Segal told shareholders at the group's annual general meeting.

Profit fell to $121 million including an inventory gain of $25m after tax in the first quarter, compared with $190m including an inventory gain of $46m in first-quarter 2013.

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