August 26, 2019 / 11:01 PM / 22 days ago

REFILE-Caltex Australia posts a 54% drop in half-year profit

(Corrects date in dateline)

Aug 27 (Reuters) - Caltex Australia reported a 54% fall in half-year profit on Tuesday, at the upper end of its own guidance, hurt by weakness in refining margins amid higher crude prices.

Net profit on a “replacement cost” basis came in at A$135 million ($91.18 million) for the six months to June 30. It had forecast profit to more than halve to between A$120 million and A$140 million in June.

The petrol station owner and convenience store owner reported A$296 million in the previous year.

$1 = 1.4806 Australian dollars Reporting by Shriya Ramakrishnan in Bengaluru Editing by Chris Reese

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