皇冠体育app

Economy

Markets

Industries

Insights

Reports

Events

皇冠体育app Aviation Oil net profit drops 54.6% in Q1

(Xinhua)
Updated: 2009-05-16 10:41

皇冠体育app Aviation Oil said on Friday that its net profit in the first quarter of this year fell by 54.6 percent on-year to $4.1 million.

The company said in a statement that revenue fell by 34.8 percent to $655.6 million in the first quarter of 2009 over the same period last year.

The company said the drop was mainly due to lower jet fuel prices in the first quarter of this year, adding that it will continue to take a cautious approach to its trading activities during the global downturn.