Wilmar Q2 profit up 18.2%; revenue falls 11.7%
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Singapore
AGRIBUSINESS group Wilmar International posted an 18.2 per cent rise in second-quarter net profit to US$201.8 million despite lower revenue and higher share of associates' losses.
"The higher net profit in 2Q2015 reflected a strong performance from oilseeds & grains compared to 2Q2014. However, tropical oils turned in a lower profit in 2Q2015 due to lower crude palm oil (CPO) prices while sugar saw weaker performances amidst tougher operating conditions," said Wilmar.
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