Financial Statements and Related Announcement::Profit Guidance

Issuer & Securities

Issuer/ Manager
CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD
Securities
CHINA AVIATION OIL(S) CORP LTD - SG1T06929205 - G92
Stapled Security
No

Announcement Details

Announcement Title
Financial Statements and Related Announcement
Date &Time of Broadcast
08-Jan-2015 17:22:21
Status
New
Announcement Sub Title
Profit Guidance
Announcement Reference
SG150108OTHRR8JR
Submitted By (Co./ Ind. Name)
Doreen Nah
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)
FINANCIAL UPDATE FOR 4Q 2014 AND FULL-YEAR 2014

In the spirit of good corporate governance and transparency, the Board of Directors (the "Board") of China Aviation Oil (Singapore) Corporation Ltd ("CAO") wishes to announce that following a preliminary review of the unaudited financial results of CAO and its subsidiaries (the "Group" ) for the fourth quarter ("4Q 2014") and full-year 2014 ("FY 2014"), the Board expects the Group's financial performance for 4Q 2014 to follow the trend of its 3Q 2014 financial results announcement released on 6 November 2014 and that the Group's FY 2014 financial results would be similarly affected as compared to its FY 2013 financial results. The weaker financial performance of the Group for 4Q 2014 and FY 2014 is mainly attributable to the highly volatile global oil market and difficult oil trading environment.

Nevertheless, the Group continues to be profitable.

The Group expects to announce its 4Q 2014 and FY 2014 financial results on 12 February 2015.

Additional Details

For Financial Period Ended
31/12/2014