Caltex Australia Limited
(ASX:CTX) has increased its first quarter profit and affirmed its priority remains on pursuing growth opportunities and optimising the entire value chain.
The transport fuel supplier’s statutory unaudited profit after tax came in at $174 million, including an inventory gain of $12 million after tax.
On a replacement cost of sales operating profit basis, Caltex’s profit grew to $162 million, from $96 million the year before.
Caltex says it will now focus on leveraging its existing core capabilities in retailing, franchising, supply chain management and infrastructure services, and the processing, storage and distribution of hydrocarbons.
Caltex Australia reported a net profit of $22.67 million in the 2014 calendar year.
