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Palm oil price weakness hits Wilmar's Q4 profit
But higher volumes in some segments help to cushion impact; net profit drops 16% as revenue slides 12.5%
Add BT as a preferred sourcePublished Thu, Feb 18, 2016 · 09:50 PM
Singapore
WEAK crude palm oil (CPO) prices in the fourth quarter put a dent in earnings for agribusiness group Wilmar International in the fourth quarter, but higher volumes in segments such as soyabean crushing helped to cushion the blow.
Net profit for the three months ended Dec 31, 2015, fell 16 per cent from the previous year to US$337.18 million, Wilmar said in a Singapore Exchange filing on Thursday.
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