Brief: China Aviation Oil (Singapore) Says Covid-19 Pandemic & Declines In Oil Prices Impacted Ops
21/04/2020 11:31
April 21 (Reuters) - China Aviation Oil (Singapore)
Corporation Ltd CNAO.SI :
* SLUMP IN AVIATION INDUSTRY DURING COVID-19 PANDEMIC &
SHARP
DECLINES IN OIL PRICES IMPACTED BUSINESS OPERATIONS OF CO
* NET EARNINGS OF CAO GROUP DECLINED BY 59% TO US$10.782
MILLION
FOR 1Q 2020
* ONGOING SLUMP IN AVIATION INDUSTRY AND OIL PRICE
UNCERTAINTY
EXPECTED TO ADVERSELY IMPACT FINANCIAL PERFORMANCE
Source text for Eikon: ID:nSNZ1Whhdw
Further company coverage: CNAO.SI
((Reuters.Briefs@thomsonreuters.com;))
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