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Article: BUSINESS IN ASIA TODAY - FEB 27, 2004.

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AsiaPulse News
Article date:
February 27, 2004
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Business in Asia on Feb 27, 2004. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:

CALTEX AUSTRALIA POSTS 88 PCT JUMP IN PROFIT DURING 2003

SYDNEY - Caltex Australia Ltd (ASX:CTX) shares leapt to record highs today after its calendar 2003 profit jumped 88 per cent, with above average margins pushed along by strong regional demand. The company said that while margins were expected to ease, the average refiner margin would continue higher than it has been over the past five years. Caltex reported a net profit of A$197.5 million (US$152 million) ...

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