SINGAPORE (Feb 26): Jet fuel trader China Aviation Oil (Singapore) (CAO) has reported earnings of US$21.2 million ($29.7 million) for 4QFY2019 ended December, 13.2% up from the US$18.7 million logged a year ago.

This comes on the back of a higher gross profit, brought on by greater gains from its supply of jet fuel and trading and optimisation activities, the group noted in a regulatory filing on Wednesday.

Total revenue for the quarter came in at US$5.1 billion, 16.6% up from the US$4.3 billion for the corresponding period a year ago.

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