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
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
