China Aviation Oil's Q3 earnings jump 31%

CHINA Aviation Oil (Singapore) on Wednesday reported a 31 per cent jump in net profit for the third quarter to US$23.2 million, from US$17.7 million in the year-ago period.

Revenue for the three months ended Sept 30, 2016, shot up 64.2 per cent to US$3.94 billion from US$2.4 billion in the preceding year, the group said in a filing to Singapore Exchange.

Earnings per share went up to 2.7 US cents from 2.06 US cents in the previous year.

The counter on Wednesday closed S$0.02 or 1.4 per cent lower at S$1.43.