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China National Aviation Fuel Group reports steady growth in business revenue, profits

July 29, 2019


Abstract : The China National Aviation Fuel Group Limited (CNAF) reported steady growth in business revenue and profits in the first half of the year, according to the State-owned Assets Supervision and Administration Commission of the State Council.

BEIJING, July 27 (Xinhua) -- The China National Aviation Fuel Group Limited (CNAF) reported steady growth in business revenue and profits in the first half of the year, according to the State-owned Assets Supervision and Administration Commission of the State Council.

The group's business revenue came to 135.8 billion yuan (19.7 billion U.S. dollars) in H1, up 4 percent year on year, while its profit grew 10.6 percent compared with a year ago.

In the January-June period, the company has sold 15.11 million tonnes of aviation oil, up 6.3 percent year on year.

CNAF is China's largest state-owned aviation fuel supplier, with its fuel business covering 219 commercial airports in the country. The company has extended the market to 48 overseas airports.

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Keyword: aviation China-energy

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