Caltex completes restructure, reports solid c store, fuel sales

Caltex Australia welcomed new shareholders to its AGM last week, following the successful sell down by Chevron of its 50% shareholding in the company in March, while reporting solid sales in convenience stores and across Vortex fuels.

Caltex recorded an after tax profit for the 2014 full year of $493 million on a replacement cost of sales operating profit, compared with $332 million for the 2013 full year, both excluding significant items.

Caltex managing director and CEO Julian Segal said the marketing business delivered another strong performance, with earnings (EBIT) up approximately 6% to $812 million.

?arketing continues to focus on driving sales of premium Vortex fuels, including Vortex diesel. This is supported through continued investment in new retail service stations, diesel stops and the refurbishment of existing service stations,?he said.

Within the consumer sales division, fuel sales exceeded 7.8 billion litres in 2014, with sales of Vortex 95 and Vortex 98 growing 3.6% year on year and Vortex Diesel growing 21.7%. Convenience shop sales grew at 4.9% and generated $1.2 billion in total sales revenue.

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