Australia's Caltex sees H1 profit rising as much as 22%

Bengaluru

AUSTRALIAN fuel supplier Caltex Australia said on Thursday it expects underlying half-yearly net profit to rise as much as 22 per cent as it benefited from higher refiner margins and bigger volumes of premium diesel sales.

Net profit "on a replacement cost" basis was expected between A$290 million (S$304 million) and A$310 million for the six months to June 30, 2017, up from A$254 million in the same period a year earlier, the company said in a statement.