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March 8, 2019

Volume 6 Issue 41

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Singapore Blenders Report Mixed 2018 Results

United Global Ltd. reported double-digit percentage growth in net profit last year due to an increase in demand in the automotive sector, while fellow Singaporean lubricant blender AP Oil International Ltd. continued its decline in net profit for 2018 following a drop in 2017, mainly due to the loss of a major marine lubricant customer.