Caltex Australia Limited
(ASX:CTX) has posted a loss of $714 million for the year ended December 31, 2011 compared to a full year profit of $317 million in the 2010 financial year.
The drop has been attributed to the oil refiner’s write-down of its refinery assets earlier this month due to the strength of the Australian dollar and rising costs.
In the 2011 calendar year revenue rose 18 per cent to $22.4 billion.
A fully franked final dividend of 28 cents per share has been declared.
