RTRS:Brightoil plans to hire about 10 crude oil traders in Singapore, US
(Reuters) - Hong Kong-listed Brightoil Petroleum (Holdings) Ltd will hire about 10 crude oil traders in Singapore and the United States, Denny Tan, executive director and chief financial officer, told reporters in an earnings briefing on Tuesday.
The company, which reported a 76 percent fall in net profit for fiscal year ended June 2012, sees need to slow down trading expansion in Geneva due to euro zone economic woes, Tan said.
Brightoil currently has more than 150 people in its bunker trading team, including traders, operators, analysts and mid- and back-office staff, Tan added. (Reporting By Charlie Zhu, Writing by Manash Goswami; Editing by Himani Sarkar) (Manash.Goswami@thomsonreuters.com)
