2014 half year profit outlook

June 26, 2014

  • Half year Historic Cost Profit (HCOP) outlook $150 million - $170 million
  • Half year Replacement Cost Operating Profit (RCOP1) outlook $155 million - $175 million
  • Marketing growth continues - EBIT up 7-8% from 1H 2013 to $390 million - $395 million (underlying growth ~ 5%)
  • The impact of the Kurnell conversion on refinery operations will contribute to a Refining and Supply first half loss of approximately $65 million - $85 million
  • Kurnell conversion remains on schedule - refinery expected to close 4Q 2014

The full release is attached.

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