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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

Published Wed, Nov 11, 2015 · 09:50 PM
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Singapore

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, mainly due to lower commodity prices.

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