The US-listed Greek tanker owner andbunker supplier said net profit to 31 March was $5.1m, down from $7.2m in 2013.

Revenue increased by 7.9% to $1.69bn, from $1.57bn,while fuel volumes rose 14.3% to 2.7m tonnes.

But financing costs grew more than $2m to$8.64m and the tax bill was higher at $1.9m from $0.4m the year before.

President Nikolas Tavlarios said: "Duringthe quarter Aegean continued to build upon the momentum we established acrossour business as we extended our track record of profitability and growth.

“The