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CAO's Q3 profit up 65%, lifted by associates

Revenue falls 3% to US$3.7 billion due to lower trading volume and product mix

Singapore

NET profit for jet fuel trader China Aviation Oil (CAO) rose 65 per cent to US$21.8 million for the third quarter from a year ago, thanks to an increase in its share of associate companies' results.

Revenue slipped 3 per cent to US$3.7 billion, due to lower trading volume

sentifi.com

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