Wilmar Q4 core net profit up 23% to US$410m on tropical oils, oilseeds

Singapore

A STRONG performance from the tropical oils manufacturing business and improved oilseeds crush margins lifted Wilmar International's core net profit by 23 per cent to US$410 million for the fourth quarter, up from US$333 million in the same period a year earlier.

Net profit for the agri-business group was US$438 million, up 120 per cent from the same period a year earlier, due mainly to the absence of a one-off US$30.9 million impairment on Australia sugar-milling assets taken in Q4 2018.