Wilmar Q1 net profit up 26.4%, led by tropical oils, consumer products.
AGRI giant Wilmar International on Friday posted a 26.
4 per cent rise in net profit to US$257 million for the first quarter from a restated US$203 million a year ago, buoyed by a better showing in the tropical oils and sugar segments as well as volume growth in the consumer products business.Lower commodity prices over the three months to March drove revenue lower by 6.2 per cent to US$10.4 billion from US$11.1 billion. Net profit excluding discontinued operations jumped 32.7 per cent to US$270 million from US$203 million.
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