(MENAFN) China Aviation Oil (Singapore) Corporation Ltd (CAO) announced that its net increased last year for the fifth year running, Xinhua reported/
The firm said that net profit increased 6.1 percent from 2012 to hit USD70.2 million
The group's chairman said that the powerful growth in the country's aviation sector helped support CAO operations
He said: "This is testament to the resilience of the group's business model and ability of the trading team to generate profit growth under the challenging market conditions.
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