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CAO reports 32% jump in Q2 profit to US$17.7m

Share of gains from associates almost triples to US$13.8m

LIFTED by higher contributions from associates, jet fuel trader China Aviation Oil (CAO) reported a net profit of US$17.74 million for the second quarter, up 32.44 per cent year on year.

Revenue increased 4.35 per cent to US$3.93 billion due to higher trading volume of other oil products...