Oil refiner Caltex has reported an yearly net decline of $714 million, a slump of 325 per cent on the prior year's result, owing to increasing crude oil charges and a powerful Australian dollar.
Caltex chief executive Julian Segal claims events over and above the company's handle produced last calendar year extremely tough.
And Mr Segal warned that the outlook remained grim, as the greenback remained large and oil charges ongoing to rise.
The bad externalities involved the civil war in Libya and the tsunami in Japan, which raised complete Brent crude costs and widened Arsenal jerseys the mild large distribute to ranges Arsenal jerseys close to historical averages, Mr Segal explained.
In addition, intense weather events triggered shutdowns in January and closed the crude berth in Kurnell later in the initial half.
The organization wholesale NFL jerseys verified it would comprehensive a assessment of its two Australian refineries at Kurnell in Sydney and wholesale NFL jerseys Lytton in Brisbane inside of six months.
It stated all alternatives had been on the table which includes closing the services, which refine almost a third of Australia's crude oil wholesale NFL jerseys and make use of 800 total-time staff and about 600 contractors.
Caltex shareholders will obtain a ultimate dividend of 28 cents a share totally franked.
The Caltex reveal price tag has risen since the announcement and at eleven:57am (AEDT) ended up .2 for each cent greater at $thirteen.01.report=2012-03-06data
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