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China Aviation Oil expects lower profits for Q4 2014 and FY2014
CHINA Aviation Oil (Singapore) Corporation (CAO) said on Thursday that the group's financial performance will be poorer for Q4 2014, compared to Q3 2014. Its full-year 2014 financial results would also be weaker compared to FY2013's.
This is mainly due to the "highly volatile global oil market and difficult oil trading environment", CAO said. But, it added, the group continues to be profitable. The group will announce its Q4 2014 and FY 2014 financial results on Feb 12, 2015.