Revenue for 4Q18 was 7.79% higher at US$4.38 billion from US$4.06 billion last year, primarily due to the increase in oil prices.
SINGAPORE (Feb 28): China Aviation Oil (CAO) has announced a 23.88% increase in its 4Q18 earnings to US$18.7 million ($25.2 million), compared to US$15.1 million in 4Q17, mainly from the reduction in operating expenses and increase in gross profit.
This brings FY18 earnings to US$93.9 million, 10.52% higher than US$84.9 million in FY17.
