Thanks to high oil prices, Singapore’s only listed integrated oil company Singapore Petroleum Company saw its 2004 net profit jump 328% to a record S$253 million from S$59 million last year. Revenue rose 55.8% to S$4.97 billion from S$3.19 billion, while earnings per share surged from 13.92 cents to 59.22 cents. (US$1=S$1.65). As a…
SINGAPORE: SPC reports S$253 million profit for 2004 vs $59 million in 2003
Posted on January 28, 2005 by EnergyAsia