China Aviation Oil (Singapore) Full Year 2023 Earnings: EPS Beats Expectations

China Aviation Oil (Singapore) (SGX:G92) Full Year 2023 Results

Key Financial Results

• Revenue: US$14.4b (down 12% from FY 2022).
• Net income: US$58.9m (up 76% from FY 2022).
• Profit margin: 0.4% (up from 0.2% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: US$0.068 (up from US$0.039 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

China Aviation Oil (Singapore) EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 1.8% decline forecast for the Oil and Gas industry in Asia.

Performance of the market in Singapore.

The company's shares are down 3.2% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of China Aviation Oil (Singapore)'s balance sheet and an in-depth analysis of the company's financial position.

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