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CAO's net profit rises 26% on higher gross profit, lower expenses

Q3 gross profit up 47.1%, mainly due to higher jet supply volume, and higher profits from trading and optimisation activities


CHINA Aviation Oil (Singapore) (CAO) posted a 26 per cent rise in net profit to US$23.9 million for its third quarter ended Sept 30, from US$18.9 million a year earlier.

This was mainly due to higher gross profit and lower operating expenses, partially offset by a lower...

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