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CAO's net plunges 66.5% to US$7.32m in third quarter

Operating loss swells fivefold from Q3 2013 to US$7.54m this year


CHINA Aviation Oil (Singapore) (CAO) has posted a 66.5 per cent drop in net profit to US$7.32 million for the third quarter, weighed down by operating losses and lower contribution from its associates. The jet fuel trader incurred an operating loss of US$7.54 million in Q3 2014