Corporate digest

China Aviation Oil (CAO)

JET fuel trader China Aviation Oil (Singapore) (CAO) turned a profit of US$18.93 million for the third fiscal quarter ended Sept 30, 2018, down 7.99 per cent from a restated US$20.57 million in the year-ago period mainly due to lower contributions from associates.

Revenue climbed 21.24 per cent to US$6.33 billion from US$5.22 billion a year ago, boosted by higher oil prices.