China Aviation's Q3 profit up 31% on higher trading volume, contributions
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Singapore
HIGHER trading volume in other oil products and better contributions from some associates lifted third-quarter results for mainboard-listed jet fuel supplier China Aviation Oil (Singapore), the biggest physical jet fuel trader in the Asia-Pacific region.
Net profit surged 31 per cent to US$23.2 million from the year-ago period, the group said in a Singapore Exchange filing on Wednesday evening. Q3 earnings per share went up to 2.7 US cents from 2.06 US cents in the previous year.
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