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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok ultimatum puts US firms in firing line for China response
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
BHP targets Anglo American in bid valuing miner at US$39 billion
FTSE 100 hits record high on big mining M&A, earnings push
Hermes Q1 sales jump 17% on strong China demand
AstraZeneca leaps after smashing Q1 forecasts