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Wilmar's Q1 earnings tumble 49% to US$162m

Profit weighed down by negative soya-bean crush margins in China

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Negative soya-bean crush margins in China returned to haunt Wilmar International, causing its earnings to tumble 48.7 per cent in the first quarter - PHOTO: BLOOMBERG

NEGATIVE soya-bean crush margins in China returned to haunt Wilmar International, causing its earnings to tumble 48.7 per cent in the first quarter.

Its net profit for the three months ended March 31 was US$161.8 million, down from US$315.4 million a year ago. This translated into 2.5 US

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