Caltex: Interim result 2015

Caltex has transformed. Now here come the dividends.

From a lousy refiner to a stable, quality retailer, the transformation of Caltex is complete. On a replacement cost basis, which adjusts the value of Caltex’s enormous fuel inventory to market prices, the business generated EBIT of $383m for the half year, an increase of 32% from the same period last year.

The gain was helped by one off asset sales worth $30m and a surprisingly strong result from the Lytton refinery, which benefited from higher refiner margins in Asia.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles