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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