Wilmar swings into black in Q2 with US$60.2m profit

Singapore

A RECOVERY in the oilseeds and grains business and gains from investment securities fuelled a better second quarter showing for Wilmar International.

Led by higher non-operating gains on the back of stronger equity markets, Wilmar swung to the black for the three months to June with a net profit of US$60.2 million from a loss of US$220.1 million a year ago.

Revenue rose 13.2 per cent to US$10.6 billion…