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BRIEF-Caltex Australia Says FY19 Profit Guidance Expected To Be $320 Mln To $360 Mln

Published 05/12/2019, 10:13 am
Updated 05/12/2019, 10:14 am
© Reuters.  BRIEF-Caltex Australia Says FY19 Profit Guidance Expected To Be $320 Mln To $360 Mln
Caltex Australia Limited
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Dec 5 (Reuters) - Caltex Australia Ltd CTX.AX :

* FY FUELS & INFRASTRUCTURE EBIT OUTLOOK EXPECTED TO BE $365 MILLION TO $375 MILLION VERSUS $409 MILLION IN 2018

* 2019 UNAUDITED PROFIT GUIDANCE WITH REPLACEMENT COST OF SALES OPERATING PROFIT NPAT OUTLOOK IS EXPECTED TO BE $320 MILLION TO $360 MILLION

* TO ISSUE $300 MILLION TO $500 MILLION AUD DENOMINATED HYBRID CAPITAL SECURITIES AS PART OF ONGOING CAPITAL MANAGEMENT STRATEGY

* CALTEX HAS AGREED TO DIVEST FIRST TRANCHE OF 25 HBU SITES FOR TOTAL PROCEEDS OF ABOUT $136 MILLION

* EXPECTED THAT $120 MILLION OF SALE PROCEEDS WILL BE RECEIVED THIS CALENDAR YEAR, WITH THE BALANCE IN EARLY 2020

* SECOND TRANCHE OF DIVESTMENT PROCESS INVOLVING ABOUT 25 SITES WILL COMMENCE IN EARLY 2020

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