China Aviation Oil Q2 profit rises 32.8 pct

China Aviation Oil (Singapore)

28/07/2016 11:15

SINGAPORE, July 28 (Reuters) - China Aviation Oil Singapore 
Corp Ltd  CNAO.SI  said its second-quarter net profit rose 32.8 
percent, thanks to higher trading volumes on jet fuel and other 
oil products. 
    The physical jet fuel trader posted a net profit of $23.6 
million for the three months ended June, up from $17.8 million a 
year ago. Revenue rose 19.8 percent, it said in a statement on 
Thursday. 
    The company, the sole supplier of imported jet fuel to 
China's civil aviation industry, has been riding on booming 
demand for airline travel as the country's increasingly affluent 
middle class takes to the skies. 
 
 (Reporting by Fathin Ungku and Aradhana Aravindan; Editing by 
Gopakumar Warrier) 
 ((aradhana.aravindan@thomsonreuters.com; +65 6403 5659; Reuters 
Messaging: aradhana.aravindan.thomsonreuters.com@reuters.net)) 
 
Keywords: CHINA AVIATN OIL RESULTS/