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CAO Q4 net profit rises 22.9% to US$18.7m on higher oil prices

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JET fuel trader China Aviation Oil (Singapore) Corp's fourth-quarter net profit rose 22.9 per cent to US$18.7 million, from US$15.1 million a year ago, on the back of higher oil prices, the group said in a regulatory filing. Read more at The Business Times.

JET fuel trader China Aviation Oil Corp's fourth-quarter net profit rose 22.9 per cent to US$18.7 million, from US$15.1 million a year ago, on the back of higher oil prices, the group said in a regulatory filing.

Net asset value per share stood at 89.42 US cents as at end-2018, up from 83.79 cents the year before.Market voices on: Total expenses for the whole of 2018 increased by 15.2 per cent to US$25.54 million from US$22.18 million the year prior, mainly attributable to higher staff costs and benefits, as well as higher interest expense from short-term borrowings.

 

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