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Wilmar International's net profit doubles to US$450.2 mil, highest for 1Q

Felicia Tan
Felicia Tan4/29/2021 5:58 PM GMT+08  • 3 min read
Wilmar International's net profit doubles to US$450.2 mil, highest for 1Q
The group says it is "cautiously optimistic" that it will perform satisfactorily for the rest of the year.
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Wilmar International has reported net profit of US$450.2 ($597.0 million) for the 1QFY2021 ended March, around double the net profit of US$224.1 million in the corresponding period the year before.

The quarter’s net profit is the group’s highest first quarter since its listing.

The group’s core net profit rose 38.1% y-o-y to US$423.7 million.

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