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Reuters
Reuters
Business

Australia's Caltex sees higher full-year profit on robust premium fuels sales growth

A Caltex sign is seen at a petrol station in Melbourne April 22, 2010. REUTERS/Mick Tsikas

(Reuters) - Caltex Australia Ltd <CTX.AX> said on Tuesday it expected its full-year underlying profit to rise as much as 18.3 percent, helped by strong growth in premium diesel sales.

Net profit "on a replacement cost" basis was expected between A$600 million ($460 million) and A$620 million ($475.29 million) for the year ending Dec. 31, up from A$524 million in the same period a year earlier, the company said in a statement.

(Reporting by Rushil Dutta in Bengaluru; Editing by Stephen Coates)

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