China Aviation Oil's Profit Attributable Down 8% in H2 2024; Shares Slide 6%

MT Newswires

02/27

China Aviation Oil's (SGX:G92) attributable profit to owners declined 8% during the second half of 2024 to $36.0 million from SG$39.1 million a year earlier, according to a filing with the Singapore Exchange on Thursday.

Earnings per share fell to $0.0418 compared with $0.0455 in the comparable period.

Revenue declined 2.1% year over year to $7.98 billion from $8.15 billion, due to a decrease in oil prices.

The directors proposed a cash dividend of SG$0.0372 per share for the year ended Dec. 31, 2024.

Shares of the aviation oil producer fell nearly 6% in recent trading.

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