Wilmar's net profit jumped 49.1% to $321.4m in Q1
Thanks to strong oilseeds & grains performance.
Wilmar International reported that its net profit jumped 49.1% year-on-year to $321.4m (US$241.2m) in the first quarter, on back of a strong performance from its Oilseeds & Grains segment.
Wilmar also reported higher contributions from associates, except for Tropical Oils and Sugar. The group's overall revenue declined 8.3% year-on-year to US$9.4b.
Wilmar declared an earnings per share of US$3.8 cents, 52% higher compared to US$2.5 cents in the same period last year.