Caltex corrects full year profit guidance | Finance News Network

Caltex corrects full year profit guidance

Company News

by Jessica Ellerm

Caltex Australia (ASX:CTX) released a correction late yesterday afternoon to a statement it released earlier in the day related to its Supply & Marketing EBIT outlook.

Contrary to an earlier statement, the Supply & Marketing EBIT outlook range remains unchanged.

In addition, the percentage increase on the comparable 2016 result is expected to be up 4.0 to 4.5 per cent, rather than 9 per cent. 

The after tax profit for the fuel business is expected to be in the range of $620 million to $640 million for the full 2017 year, up from $610 million in 2016.

Shares in Caltex Australia (ASX:CTX) closed 1.82 per cent lower yesterday at $34.60.

 

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.