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Sweet boost for Wilmar's Q1 profit
Sugar, tropical oils offset losses in other segments to raise gain by 26%
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Published Fri, May 10, 2019 · 09:50 PM
Singapore
AN upswing in the tropical oils segment plus a better showing from the sugar business - thanks to improved milling, refining and merchandising activities - lifted agri-giant Wilmar International's net profit for the first quarter by 26.4 per cent to S$257 million.
Volume growth in the consumer products business that has been steady since the second quarter of financial year 2018 also helped boost the group's bottomline.
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