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Wilmar plunges into first quarterly loss of US$220m

Group, which has warned of the loss, was hit by highly volatile soyabean market and sugar segment woes

The sugar segment was hit by delayed harvesting in Australia and accounting mark-to-market losses on sugar hedges.


THE unforgiving climate led oil palm giant Wilmar International to post its first ever quarterly loss of US$220 million for the second quarter from a profit of US$193 million a year ago.

The sharp swing to the red were mainly led by losses in the manufacturing business...

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