Caltex Aust says Gull boosted international fuel sales, revenue in first half

Tue, 28 Aug 2018

By Sophie Boot Aug. 28 (BusinessDesk) - Caltex Australia says Gull New Zealand, which it bought last year for $340 million, is performing well and helped increase fuel sale volumes and revenue in the first half of 2018. In Caltex's half-year result to the ASX this morning, the company said Gull was "demonstrating volume growth in line with expectations at time of acquisition" and had delivered a "strong performance, in line with initial expectations". The group's net profit on a replacement cost basis was A$296 million for the six mont...

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