China Aviation Oil Q1 profit down 27%
It sees trading environment remaining challenging this year amid uncertainties in oil supply and demand
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BATTERED by lower oil prices and thinner trading volumes, China Aviation Oil (Singapore) Corporation's first quarter 2015 net profit fell 27 per cent to US$14.36 million, compared to US$19.67 million in the year- ago period.
For the three months ended March 31, 2015, revenues for Asia-Pacific's largest jet fuel trader nearly halved to US$2.08 billion, versus US$4.03 billion in the first quarter of 2014.
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