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China Aviation Oil reports 21.7% fall in 4Q earnings to $18.5 mil on higher oil prices

PC Lee
PC Lee2/28/2018 07:18 PM GMT+08  • 1 min read
China Aviation Oil reports 21.7% fall in 4Q earnings to $18.5 mil on higher oil prices
SINGAPORE (Feb 28): China Aviation Oil, the supplier and trader of jet fuel and other oil products, reported a 21.7% fall in 4Q earnings to US$14 million ($18.5 million) from a year ago.
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SINGAPORE (Feb 28): China Aviation Oil, the supplier and trader of jet fuel and other oil products, reported a 21.7% fall in 4Q earnings to US$14 million ($18.5 million) from a year ago.

Revenue rose nearly 24% to US$4.06 billion primarily due to the increase in oil prices even though supply and trading volume decreased 0.6% to 8.20 million tonnes compared to 8.25 million tonnes a year ago.

Share of profits from associates rose 26.19% to US$16.82 million mainly due to higher profit contributions from associate Shanghai Pudong International Airport Aviation Fuel Supply Company (SPIA).

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