You are here

Wilmar's Q1 earnings tumble 49% to US$162m

Profit weighed down by negative soya-bean crush margins in China
Friday, May 9, 2014 - 06:00

soyabeanswilmar090514.jpg
Negative soya-bean crush margins in China returned to haunt Wilmar International, causing its earnings to tumble 48.7 per cent in the first quarter - PHOTO: BLOOMBERG

NEGATIVE soya-bean crush margins in China returned to haunt Wilmar International, causing its earnings to tumble 48.7 per cent in the first quarter. Its net profit for the three months ended March 31 was US$161.8 million, down from US$315.4 million a year ago. This translated into 2.5 US cents

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom