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Wilmar off to a good start amid tough environment, say analysts

Samantha Chiew
Samantha Chiew5/13/2019 11:29 AM GMT+08  • 3 min read
Wilmar off to a good start amid tough environment, say analysts
SINGAPORE (May 13): Analysts are upbeat on Wilmar International after it posted a 26% y-o-y rise in 1Q19 earnings to US$257.0 million ($350.5 million).
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SINGAPORE (May 13): Analysts are upbeat on Wilmar International after it posted a 26% y-o-y rise in 1Q19 earnings to US$257.0 million ($350.5 million).

The stronger bottomline was driven by improved results in the Tropical Oils and Sugar segments, while volume growth in the Consumer Products business further contributed to the results improvements.

However, the improvements were partially offset by negative crush margins and lower volume in the Oilseeds and Grains segment due to the African swine fever outbreak in China and the sharp drop in Brazilian beans basis.

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