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China Aviation Oil net profit drops 54.6% in Q1
(Xinhua)
Updated: 2009-05-16 10:41 China Aviation Oil said on Friday that its net profit in the first quarter of this year fell by 54.6 percent on-year to $4.1 million.
The company said the drop was mainly due to lower jet fuel prices in the first quarter of this year, adding that it will continue to take a cautious approach to its trading activities during the global downturn. (For more biz stories, please visit Industries)
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