For the year ended Dec 2023, the jet fuel supplier and trader made US$58.4 million, on the back of a 12.4% drop in revenue to US$14.43 billion due to lower volume and prices.
Despite lower revenue, China Aviation Oil has reported a 75.9% jump in its earnings for FY2023,
CAO plans to pay a final dividend of 2.71 cents, plus a special dividend of 2.34 cents to mark the company's 30th anniversary in Singapore, bringing full-year payout to 5.05 cents.
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