Caltex Australia Ltd CTXAF projected around 39% drop in first half profit on Monday.
Caltex, which is 50% owned by Chevron Corp CVX, projects a replacement cost of sales operating profit for the six months to June 30 of A$100 million to A$115 million, versus A$163 million, a year ago. Caltex expects a first-half historic cost profit, including the value of its stockpiles, of A$255 million to A$275 million, versus A$141 million.
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