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Analysts buoyant as China Aviation Oil sees growth driven by associates

Samantha Chiew
Samantha Chiew5/10/2018 11:54 AM GMT+08  • 4 min read
Analysts buoyant as China Aviation Oil sees growth driven by associates
SINGAPORE (May 10): China Aviation Oil (CAO) yesterday announced that its 1Q18 earnings have increased by 13.9% y-o-y to US$26.91 million ($36.1 million) from a year ago, mainly contributed by a higher share of results from its associated companies.
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SINGAPORE (May 10): China Aviation Oil (CAO) yesterday announced that its 1Q18 earnings have increased by 13.9% y-o-y to US$26.91 million ($36.1 million) from a year ago, mainly contributed by a higher share of results from its associated companies.

Correspondingly, earnings per share came in at 3.13 US cents in 1Q18 versus 2.75 US cents in 1Q17.

Due to higher oil prices, revenue for the quarter increased 23.9% to US$4.10 billion from US$3.31 billion a year ago.

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