(EnergyAsia, May 25, Monday) — Singapore-listed marine fuels trader Chemoil said its first quarter net profit rose 283% year-on-year to US$8.8 million. Amid the global economic slowdown, ship owners have increasingly turned to direct physical suppliers, helping to boost the company’s profitability and retail sales by 16% to 2.17 million metric tons for the quarter….
SINGAPORE: Chemoil reports 283% rise in net profits for first quarter of 2009
Posted on May 24, 2009 by EnergyAsia