Home Capital Results

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.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.