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China Aviation Oil Q2 net profit up 14.4%

Published Wed, Aug 1, 2018 · 09:50 PM

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Singapore

HIGHER gross profit and stable profit contributions from associates gave a fillip to China Aviation Oil (Singapore) Corporation's (CAO) second-quarter results, with the jet fuel trader recording a 14.4 per cent increase in net profit to US$29.3 million.

Earnings per share (EPS) for the quarter came in at 3.4 US cents, up from 2.98 US cents in the year-ago period.

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