Caltex 1H18 profit almost flat, rises 1%

Company News

by Anna Napoli

Caltex (ASX:CTX) has reported its NPAT for the six months to June rose 1 per cent on the same time last year to $296 million.

The company’s total revenue lifted 33 per cent on the previous year to over $10 billion.

Its earnings before interest and tax (EBIT) fell 2 per cent on the prior corresponding period, to almost $443 million.

The Caltex Refiner Margin was lower in the first half of 2018 down almost 18.6 per cent.

The board has declared an interim fully franked dividend of 57 cents per share for the first half of 2018.

During the period Caltex extended its long-term partnership with Woolworths to include the co-creation of a convenience offering as well as wholesale grocery supply.

Shares in Caltex (ASX:CTX) are trading 4.23 per cent lower to $31.89



Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.