CALTEX AUSTRALIA REPORTS A MORE THAN 38% FALL IN FULL-YEAR PROFIT

Highlights

• It is due to weakness in refining and retail fuel margins etc. 
• Company is under growth pressure

On Tuesday, Caltex Australia reports a more than 38% fall in full-year profit. Weakness in refining and retail fuel margins can be held accountable for it. Lower earnings from its Lytton lubricants refinery is also one of the reasons. It also runs convenience stores and....