SINGAPORE (Nov 2): China Aviation Oil (CAO) posted impressive 3Q16 results, with earnings surging 31% to US$23.2 million ($32.2 million) as revenue soared 64.2% to US$3.9 billion.

The revenue increase was driven by higher total supply and trading volume, as revenue jumped mainly due to increased contribution from CAO’s associates and joint ventures’ share of profits.

Total supply and trading volume rose across the board. Amount of jet fuel supplied went up 35.2% to 4.15 million tonnes while other products supplied rose 118.8% to 5.47 million tonnes.

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