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Wilmar's Q1 profit up 49% at US$241.2m

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Lower crude palm oil prices contributed to lower plantation profit.

Singapore

LIFTED by improved crushing margins, better performing consumer products and the absence of foreign exchange losses, agribusiness group Wilmar International's net profit for its first quarter ended March 31, 2015, jumped 49.1 per cent to US$241.2 million, from US$161.8 million