Growing contribution from Marketing
There was an increased contribution from the Marketing business which maintained its market leadership in fuels sales and convenience store retailing. There were higher transport fuel sales of 13.8 billion litres in 2007, compared with 13.4 billion litres in the same period in 2006. The strongest growth was in diesel sales with Caltex volumes up by 11.5% from the prior year, compared with market growth of 6.4%. Diesel sales increased across all channels.
Retail petrol sales remained flat in an extremely competitive market with less than 1% growth in sales volume in line with market growth. Premium (higher octane) fuel sales volumes were up 11.5% which was higher than market growth of 9.9% with sales increased following the launch of Vortex 98 petrol in Western Australia.
Earnings from both jet fuel and finished lubricants were higher in 2007 as unprofitable business was rationalised.
Non-fuel income was higher in 2007 with an 8.3% growth in weekly same shop sales and a strong contribution from the card business through StarCard and StarCash.
There was an increased contribution from the Marketing business which maintained its market leadership in fuels sales and convenience store retailing. There were higher transport fuel sales of 13.8 billion litres in 2007, compared with 13.4 billion litres in the same period in 2006. The strongest growth was in diesel sales with Caltex volumes up by 11.5% from the prior year, compared with market growth of 6.4%. Diesel sales increased across all channels.
Retail petrol sales remained flat in an extremely competitive market with less than 1% growth in sales volume in line with market growth. Premium (higher octane) fuel sales volumes were up 11.5% which was higher than market growth of 9.9% with sales increased following the launch of Vortex 98 petrol in Western Australia.
Earnings from both jet fuel and finished lubricants were higher in 2007 as unprofitable business was rationalised.
Non-fuel income was higher in 2007 with an 8.3% growth in weekly same shop sales and a strong contribution from the card business through StarCard and StarCash.