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Wilmar Q4 net down 24% due to tropical oil, sugar segments

Published Thu, Feb 22, 2018 · 09:50 PM
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Singapore

CONTINUED challenging conditions in Wilmar International's tropical oils and sugar segments dampened results for the firm in its fourth quarter.

Net profit dived 23.8 per cent to US$427.5 million from the previous year, the group said in a Singapore Exchange filing on Thursday evening.

For the three months ended Dec 31, revenue slid 3.3 per cent to US$11.55 billion from the year-ago period. The drop in revenue was due to lower sales volume and weaker average selling prices, it said.

Earnings per share fell to 6.8 US cents from 8.9 US cents in the year-ago p…

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Palm oil

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