Caltex Australia Limited
(ASX:CTX) has swung to a full year net profit of $57 million from a $714 million loss last year.
The previous year’s result was weighed down by $1.16 billion write-down related to Caltex’s ongoing Kurnell refinery transition.
Annual revenue in 2012 lifted by 5 per cent to $23.3 billion.
Caltex says strong growth in its marketing and distribution business as well as improved performance from its two refineries contributed to the result.
Caltex will pay shareholders a slightly reduced final dividend of 23 cents per share.
