Caltex Q1 profit after tax was $155 million | Finance News Network

Caltex Q1 profit after tax was $155 million

Company News

by Rachael Jones

Caltex Australia (ASX:CTX) today announced that its unaudited 2018 first quarter profit after tax was $155 million, in line with the prior corresponding period result of $154 million.

Excluding unfavourable externalities of $7 million (after tax), the underlying first quarter profit after tax is up just over 1 per cent.

The Lytton refinery continues to operate well, with sales of transport fuels from production up 8 per cent compared with the prior corresponding period.

The lower refiner margin has resulted in a first quarter Lytton EBIT of $47 million, down 28 per cent from $66 million in the same period last year.

Shares in Caltex Australia (ASX:CTX) are up 0.94 per cent to $30.16
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.