国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

Singapore-listed China Aviation Oil Q2 profit up 222%

(Xinhua)
Updated: 2008-08-06 14:03

Singapore-listed China Aviation Oil Corp Ltd (CAO) said Tuesday its net profit in the second quarter rose by 222 percent to $17.5 million compared with the same period of last year.

Excluding the divestment gain of $134.8 million from the sale of the firm's 5 percent stake in a Spanish company Compaoa Logistica de Hidrocarburos (CLH) in the second quarter last year, CAO said in a statement, its net profit in the second quarter this year was 222 percent higher than the corresponding period last year.

This was mainly attributable to a gain on derivatives derived from physical jet fuel supply and higher volume of jet fuel procured and supplied, it said.

In the second quarter, CAO procured and supplied 1.57 million metric tons jet fuel, which was an increase of about 73 percent as compared to the same quarter last year.

For the first half of this year, the group's revenue was $2.8 billion compared to $1.1 billion for the same period last year.

The increase was mainly attributable to the higher volume of jet fuel procured and supplied as well as the higher fuel prices, CAO said.

CAO, once a major jet fuel supplier listed on the Singapore Exchange (SGX), lost $550 million in oil derivatives trading in 2004 and applied to Singapore's High Court for judicial protection. After restructured, trading in shares of CAO resumed on the SGX in March, 2006.