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China Aviation Oil Q3 profit more than doubles despite halving of revenue

Singapore

NET profit for China Aviation Oil (Singapore) more than doubled to US$17.7 million in the third quarter from US$7.3 million a year ago, despite revenue falling by half.

The firm's topline for the three months ended Sept 30 had dropped 49.8 per cent to US$2.4 billion

sentifi.com

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