China Aviation Oil (Singapore) Corporation (CAO)

China Aviation Oil reports 8% fall in 3Q earnings to $26 mil on lower contributions from associates

SINGAPORE (Nov 1): China Aviation Oil (Singapore) Corporation, the largest physical jet fuel trader in the Asia Pacific region, announced an 8% decrease in 3Q earnings to US$18.93 million ($26.1 million), mainly due to lower contributions from associates.

Share of profits for 3Q18 from associates was US$17.50 million compared to US$21.51 million for 3Q17, a decrease of 18.67% mainly due to lower profit contributions from Shanghai Pudong International Airport Aviation Fuel Supply Company (SPIA) and OKYC (Oilhub Korea Yeosu Co).

China Aviation Oil reports 13.9% rise in 1Q18 earnings to $36.1 mil on higher share of results from associates

SINGAPORE (May 9): China Aviation Oil, the physical jet fuel trader, reported earnings for the 1Q18 ended March increased 13.88% 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.

China Aviation Oil eyes acquisitions as 2018 priority

SINGAPORE (Feb 28): China Aviation Oil (Singapore) Corporation might have suffered a slight drop in earnings for FY2017 but the company remains upbeat that the main business of importing jet fuel into China will see sustained, steady growth.

As the company generates a bigger proportion of its business overseas, CAO’s priority this year is to make good use of its cash hoard of some US$300 million to acquire a network of operating assets.

China Aviation Oil to be added to MSCI Singapore Small Cap Index

SINGAPORE (May 17): China Aviation Oil (Singapore) Corporation will be included as a constituent stock in the Morgan Stanley Capital International (MSCI) Singapore Small Cap Index, effective after the close of market trading on May 31, 2017.

In a filing to SGX on Wednesday, CAO says it is the only new addition to the index, which is designed to measure the performance of the small cap segment of the Singapore market.

China Aviation Oil posts 4.7% rise in 1Q earnings to $35.4 mil

Credit: China Aviation Oil

SINGAPORE (April 19): China Aviation Oil (Singapore) Corporation, the largest physical jet fuel trader in the Asia Pacific region, reported a 4.7% increase in 1Q earnings to US$25.3 million ($35.4 million) from a year ago, supported by an increase in gross profit and higher share of results from the group’s associated companies.

Be informed of the stories that matter

Subscribe

Be informed of the stories that matter