• Most Popular
  • Most Shared

Australia Caltex says posts higher 2008 profit

Tue Jan 13, 2009 6:48pm EST

Stocks

   

PERTH, Jan 14 (Reuters) - Caltex Australia Ltd (CTX.AX), the country's only listed oil refiner and marketer, said it posted an unaudited operating profit of A$185 million ($123.5 million) in 2008, above guidance given last month, thanks to improved refining margins and exchange rates.

The previous guidance was between A$135 million to A$155 million, Sydney-based Caltex said in a statement.



More from Reuters

Photo

Time Warner Cable, Fox at impasse; blackout looms

NEW YORK (Reuters) - About 13 million Time Warner Cable Inc subscribers were to lose most Fox programing at midnight on Thursday unless the cable service provider reached a last-minute deal to pay fees to News Corp to broadcast the shows.

A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Clients work out on machines at the Bally Total Fitness facility in Arvada, Colorado June 15, 2009.  REUTERS/Rick Wilking

Get real with resolutions

We make them and we break them: The secret to keeping them is to avoid the impossible dream.  Full Article