Fuels retailer Caltex Australia has predicted its core profit will weaken this year slightly more than the market was anticipating, brought down by a failure in earnings from the broken down refining business.

While Caltex said its sole outstanding refinery in Brisbane achieved better, the margin it made on adapting crude oil into petrol and diesel, which is dictated by the market in Singapore, released by almost 40 per cent.

Australia: Caltex´s 2016 profit suffer refining losses

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