China Aviation Oil (Singapore) Corporation (CAO) said it posted a 25.2% decline in net profit to US$14.39 million ($17.9 million) for the second quarter ended June 30, 2012 from a year ago.
The fall came despite a 50.34% increase in quarterly revenue to US$3.71 billion.
A 13.9% decrease in share of profits from associates to US$9.6 million hurt its bottomline.
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