Shares of Chemoil Energy (CHEL.SI), a Singapore-listed marine fuel supplier, rose as much as 5.8% on Friday after the firm said it expects strong first quarter profits on the back of higher volumes and improved margins.
At 9:25 a.m., Chemoil shares were up 2.9% at $0.355 on a volume of 1 million shares.
At 9:25 a.m., Chemoil shares were up 2.9% at $0.355 on a volume of 1 million shares.
Chemoil said in a statement it estimates first quarter profit after tax to be in excess of US$20 million ($24.5 million). The firm is likely to release its earnings on May 11.
No comments:
Post a Comment