Wilmar's Q3 net profit up 47% to US$392m

Singapore

LOWER foreign-exchange losses and gains from investment securities gave a fillip to Wilmar International's results for the third quarter.

The group's net profit shot up 47 per cent to US$392.2 million from the preceding year. For the three months ended Sept 30, revenue expanded 4 per cent to US$11.1 billion from the year-ago period, thanks to stronger commodity prices.