Company Briefs: China Aviation Oil

China Aviation Oil

Jet-fuel trader China Aviation Oil (Singapore) Corporation has reported that second-quarter net profit came in essentially flat at US$17.79 million (S$24.3 million), up 0.24 per cent from levels seen in the same period last year. (See correction note below)

However, revenue for the three months ended June 30 sank 35.8 per cent to US$2.52 billion, mainly because of falling oil prices.

The group reported earnings per share of 2.07 US cents for the quarter, up from 2.06 US cents a year ago. Net asset value per share was 66.53 US cents as at June 30, up from 64.35 US cents as at Dec 31.

PT Astra International

Indonesia's largest automotive distributor, PT Astra International, has reported a first-half net profit of 8.052 billion rupiah (S$805,200), down 18 per cent from what it saw in the corresponding period a year earlier.

Revenue for the six months ended June 30 was down 9 per cent at 92.51 billion rupiah - the result of a 21 per cent fall in car sales and a 19 per cent fall in motorcycle sales.

Astra, which is a subsidiary of Jardine Cycle & Carriage, reported net earnings per share of 199 rupiah, down from 243 rupiah a year ago.

Net asset value per share stood at 2,425 rupiah, up from 2,359 rupiah as at Dec 31.

Roxy-Pacific Holdings

Property and hospitality group Roxy-Pacific Holdings has posted a second-quarter profit of $13.05 million - 43 per cent lower than what it achieved in the same period a year earlier.

Revenue for the three months ended June 30 fell 9 per cent to $93.72 million, largely because of a drop in revenue at the property development and hotel ownership businesses, which was partly offset by its performance in the property investment business.

Earnings per share stood at 1.09 cents, down from 1.91 cents a year earlier.

Net asset value per share was 36.89 cents, up from 33.54 cents as at Dec 31.

Roxy-Pacific has proposed an interim cash dividend of 0.616 Singapore cent per share, unchanged from what was declared last year.


Correction: An earlier version of this story stated that  Jet-fuel trader China Aviation Oil (Singapore) Corporation has reported that second-quarter net profit came in essentially flat at US$17.79 million (S$24.3 million), down 0.24 per cent from levels seen in the same period last year.  This is wrong. The figure is up 0.24 per cent from  levels seen in the same period last year. We are sorry for the error.

A version of this article appeared in the print edition of The Straits Times on July 31, 2015, with the headline 'Company Briefs: China Aviation Oil'. Print Edition | Subscribe