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China Aviation reports 2.9% dip in 2Q earnings of US$28.4 mil on higher expenses

Pauline Wong
Pauline Wong8/7/2019 03:23 PM GMT+08  • 2 min read
China Aviation reports 2.9% dip in 2Q earnings of US$28.4 mil on higher expenses
SINGAPORE (Aug 7): China Aviation Oil (Singapore) Corporation (CAO), the largest physical jet fuel trader in the Asia Pacific region, reported earnings of US$28.4 million ($39.2 million) for the 2Q19 ended June, some 2.9% lower than earnings of US$29.3 mi
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SINGAPORE (Aug 7): China Aviation Oil (Singapore) Corporation (CAO), the largest physical jet fuel trader in the Asia Pacific region, reported earnings of US$28.4 million ($39.2 million) for the 2Q19 ended June, some 2.9% lower than earnings of US$29.3 million a year ago.

This translated to lower earnings per share of 3.31 US cents for 2Q19, compared to 3.40 US cents in 2Q18.

This brings earnings for 1H19 to US$54.8 million, down 2.5% from US$56.2 million in 1H18.

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