Wilmar Q4 net down 24% due to tropical oil, sugar segments
Singapore
CONTINUED challenging conditions in Wilmar International's tropical oils and sugar segments dampened results for the firm in its fourth quarter.
Net profit dived 23.8 per cent to US$427.5 million from the previous year, the group said in a Singapore Exchange filing on Thursday evening.
For the three months ended Dec 31, revenue slid 3.3 per cent to US$11.55 billion from the year-ago period. The drop in revenue was due to lower sales volume and weaker average selling prices, it said.
Earnings per share fell to 6.8 US cents from 8.9 US cents in the year-ago p…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Keppel posts 6.3% drop in revenue to S$1.5 billion in Q1; net profit rises excluding legacy O&M assets
Cisco says hackers subverted its security devices to spy on governments
Stocks to watch: Keppel, FCT, Suntec Reit, OUE Reit, Clint, Digital Core Reit, OKP, Cordlife
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Ford profit beats on commercial sales; EVs still dragging
WhirlPool is cutting 1,000 jobs as US appliance demand remains stagnant