SUBSCRIBERS
CAO Q2 revenue dives; profit up
Published Thu, Jul 30, 2015 · 09:50 PM
Singapore
ASIA Pacific's largest jet fuel trader China Aviation Oil (CAO) reported a 0.24 per cent year-on-year rise in net profit to US$17.79 million for the second quarter ended June 30.
Revenue slumped 35.8 per cent to US$2.52 billion in line with lower oil prices, but a slight fall in cost of sales and lower expenses helped to shore up the bottom line.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Novartis to buy radiology specialist Mariana Oncology for US$1 billion
Moderna beats quarterly estimates as cost-cutting pares losses
Weight-loss drugmaker Novo Nordisk's profits soar further
Hugo Boss profit tops expectations, but China lags
DBS customers unable to login to Digibank, PayLah! on Thursday
If inflation continues to build, the Fed won’t be able to maintain neutral stance for long