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Investment, forex losses slash Wilmar gain

Group Q3 profit dives 34 per cent to US$276m on 7.6 per cent lower revenue of US$10.6 billion

Bottles of Wilmar's Arawana cooking oil in a Shanghai supermarket. The world's biggest palm oil trader said its tropical oils business suffered a 45.9 per cent plunge in pre-tax profit to US$105 million.


NET profit for Wilmar International fell 34.7 per cent to US$275.8 million in the third quarter, as higher losses from its investment securities and higher foreign exchange losses dragged down the bottomline.

The group's revenue slipped 7.6 per cent to US$10.6 billion,...

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