Wednesday, May 21, 2008

China Aviation Oil

May 9 (Bloomberg) -- China Aviation Oil (Singapore) Corp., China's biggest jet fuel importer, said first-quarter profit rose 60 percent because of higher demand for aircraft fuel.

Net income in the three months ended March 31 climbed to $9 million from $5.7 million a year earlier, China Aviation Oil said in a statement in Singapore today. Sales gained 83 percent to $1 billion. Jet fuel supplies rose 25 percent to 1.1 million tons in the period.

Last Updated: May 9, 2008 05:16 EDT

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