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China Aviation Oil reports 14% rise in 2Q earnings to US$29.3 mil

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China Aviation Oil reports 14% rise in 2Q earnings to US$29.3 mil

PC Lee Published on Wed, Aug 01, 2018 / 4:13 PM GMT+8

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SINGAPORE (Aug 1): China Aviation Oil reported 2Q18 earnings ended June increased 14.4% to US$29.30 million ($40 million) compared to 2Q17, mainly due to higher gross profit and stable profit contributions from associates.

This brings 1H18 earnings to US$56.21 million, 14.15% higher compared to US$49.24 million a year ago.

In 2Q18, total supply and trading volume increased by 18.8% to 9.97 million tonnes from 2Q17 a year ago.

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