CAO Q4 net profit rises 23.9% to US$18.7m on higher oil prices

Singapore

JET fuel trader China Aviation Oil (Singapore) Corp's fourth-quarter net profit rose 23.9 per cent to US$18.7 million, from US$15.1 million a year ago, on the back of higher oil prices, the group said in a regulatory filing.

For the three months ended Dec 31, 2018, earnings per share stood at 2.18 US cents, up from a restated 1.76 US cents the year before. The group is proposing a first and final dividend of 4.5 Singapore cents per share for fiscal 2018, unchanged from the previous prior.