Caltex Projects Decline In Profit

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. Read more from Benzinga's Company news.