(Bloomberg) -- Caltex Australia Ltd. shares were
heading for their biggest drop in more than five years after the
nation's largest oil refiner forecast a smaller gain in first-
half profit than some analysts were expecting.
Operating profit may rise as much as 46 percent to A$255
million ($216 million) in the six months ending June 30, Sydney-
based Caltex said today in a statement. Market consensus was for
earnings of about A$240 million to A$260 million, said Aiden
Bradley, an energy analyst at ABN Amro Australia Ltd.
Read more at Bloomberg Energy News
heading for their biggest drop in more than five years after the
nation's largest oil refiner forecast a smaller gain in first-
half profit than some analysts were expecting.
Operating profit may rise as much as 46 percent to A$255
million ($216 million) in the six months ending June 30, Sydney-
based Caltex said today in a statement. Market consensus was for
earnings of about A$240 million to A$260 million, said Aiden
Bradley, an energy analyst at ABN Amro Australia Ltd.
Read more at Bloomberg Energy News
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