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CAO's Q3 profit up 65%, lifted by associates

Revenue falls 3% to US$3.7 billion due to lower trading volume and product mix

Published Fri, Nov 1, 2013 · 10:00 PM

Singapore

NET profit for jet fuel trader China Aviation Oil (CAO) rose 65 per cent to US$21.8 million for the third quarter from a year ago, thanks to an increase in its share of associate companies' results.

Revenue slipped 3 per cent to US$3.7 billion, due to lower trading volume and product mix, the firm said.

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Companies & Markets

Companies & Markets

CAO's Q3 profit up 65%, lifted by associates

Companies & Markets

Air China to buy 100 locally made C919 jets in US$11 billion deal

HCA beats first-quarter profit estimates on higher patient admissions

F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years

LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses

Exxon misses on Q1 profit despite big gains in Guyana

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

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