said it will not pay out a final dividend after its net profit fell more than 95% to A$34 million last year, compared with A$646 million in 2007. (US$1=A$1.55). It blamed the sharp decline on the fall in crude oil prices, which slashed the value of its stockpile, the “unprecedented drop” in the Australian dollar…
AUSTRALIA: Caltex will not pay final dividend after reporting 95% plunge in 2008 net profit
Posted on February 22, 2009 by EnergyAsia