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SYDNEY, Feb 25 AAP

February 25 2013, 12:03AM

Stocks to watch on the Australian stock exchange at noon on Monday:

CTX - CALTEX AUSTRALIA LTD - up 48.5 cents, or 2.66 per cent, at $18.725

Caltex Australia has returned to profitability as its refining businesses showed the results of recent structural changes.

QAN - Qantas airways ltd - steady at $1.63

Qantas director Corrine Namblard has resigned from the airline's board after becoming caught up in an Italian corruption investigation.

PFL - PATTIES FOODS LTD - down 11 cents, or 6.47 per cent, at $1.59

Pie maker Patties Foods has posted a 16.5 per cent fall in first half profits as its margins are impacted by increased competition.

TEN - TEN NETWORK HOLDINGS LTD - up two cents, or 6.78 per cent, at 31.5 cents

Ten Network Holdings shares are up in early trade as market players express hope that new management may improve the struggling free-to-air broadcaster's performance.