Caltex Australia sees premium diesel sales lifting profit

Sydney

CALTEX Australia Ltd said on Tuesday that it expected its full-year underlying profit to rise as much as 18.3 per cent, helped by strong growth in premium diesel sales.

Net profit "on a replacement cost" basis was expected at between A$600 million (S$620.2 million) and A$620 million for the year ending Dec 31, up from A$524 million in the same period a year earlier, the company said in a statement.