and coming....
Petrol supplier Caltex has scrapped forecasts of $150 million in retail profits by 2024 after it revealed on Tuesday that its profits sank by more than half in the six months to June 30th. On Tuesday, Caltex Australia posted a 54% fall in underlying half-year profit to $135 million. The company cited margin pressure, and sluggish consumer spending. The profit announcement coincides with Australia's slowest economic growth in five years. According to the Australian Bureau of Statistics, the economy expanded by a lower-than-expected 0.4 per cent in the first three months of this year.
and coming....Petrol supplier Caltex has scrapped forecasts of...
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