China Aviation Oil Q1 profit rises 4.7 pct to $25.3 million

China Aviation Oil (Singapore)

19/04/2017 10:58

SINGAPORE, April 19 (Reuters) - China Aviation Oil 
(Singapore) Corporation Ltd  CNAO.SI , the sole supplier of 
imported jet fuel to China's civil aviation industry, reported a 
4.7 percent rise in its first-quarter profit to $25.3 million. 
    The company, which is also the largest physical jet fuel 
trader in the Asia-Pacific region, has been riding on booming 
Chinese demand for air travel. 
     "With strong growth prospects in the civil aviation 
industry in China and international markets, CAO remains focused 
on further expanding our aviation marketing business beyond 
China and to diversify its business activities," Meng Fanqiu, 
chief executive officer, said in a statement. 
 
 (Reporting by Aradhana Aravindan; Editing by Christian 
Schmollinger) 
 ((aradhana.aravindan@thomsonreuters.com; +65 6403 5659; Reuters 
Messaging: aradhana.aravindan.thomsonreuters.com@reuters.net)) 
 
Keywords: CHINA AVIATION OIL RESULTS/