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China Aviation Oil Q1 profit up 68%

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Mr Meng said CAO will "source for M&A opportunities in line with the group's corporate strategy".

Singapore

JET fuel supplier China Aviation Oil Singapore's (CAO) net profit rose 68.2 per cent in the first quarter as the group recorded higher trading gains.

CAO's net profit for the three months ended March 31 grew to US$24.1 million, up from US$14.4 million.

Revenue slid