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Wilmar's Q1 profit up 3.2% despite revenue fall

It expects higher crude palm oil prices to benefit plantation business; higher feedstock costs will lead to lower margins in downstream businesses

Singapore

WILMAR International's net profit grew 3.2 per cent in the first quarter despite a drop in revenue, as its cost of sales fell even more and its investment securities delivered a gain versus a loss last year.

The palm oil processor recorded net profit of US$239.4 million