(EnergyAsia, August 26 2010, Thursday) — Caltex Australia Ltd has blamed the country’s strong currency and weaker refining margins for slashing its first-half operating profit by half to A$149 million. (US$1=A$1.15). Australia’s largest refiner said that it might cut jobs in light of continued uncertainty and possible weakness in the refining business for the remainder…
AUSTRALIA: Refiner Caltex reports 50% drop in first half operating profit
Posted on August 25, 2010 by EnergyAsia