Oil price hits Lytton profit in downsized Caltex
The Lytton lubricants refinery in Brisbane has seen profit halved in the past year in the downsized manufacturing arm of oil refiner and petrol retailer Caltex. The company told investors that EBIT for the lubricants and oils plant this calendar year was likely to be between $75 and $85 million, down from $161 million the…