CAO: Announces Sterling Financial Performance With A 48.6% Increase In Net Profit To US$47.8 Million For 1H2016.

28 Jul 2016 18:17

Higher net profit backed by higher trading gains, increased supply and trading volumes, as well as a 47.0% jump in share of profits from associates and joint ventures. Total supply and trading volumes for jet fuel and other oil products rose 56.0% to 13.6 million tonnes. Gross profit up 59.1% to US$23.1 million as gains from trading, operational efficiencies and the efficacies of the Group's global value chain improved...

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