Caltex – 1H17 Earnings

CTX’s 1H17 group NPAT was A$307 million vs guidance of A$290-310 million.

EBIT of A$470 million was also inline with company guidance of $450- 480 million.

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FY18 EBIT will remain flat as the company works to reduce costs to off-set losses from the lost WOW supply agreement.

We have Caltex trading on a  forward yield of 3.8%.



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