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Wilmar reports 10.7% rise in 3Q earnings to $564 mil on better Tropical Oils and Oilseeds & Grains results

PC Lee
PC Lee11/12/2018 5:30 PM GMT+08  • 2 min read
Wilmar reports 10.7% rise in 3Q earnings to $564 mil on better Tropical Oils and Oilseeds & Grains results
SINGAPORE (Nov 12): Wilmar International, the agribusiness group, reported an 10.7% increase in 3Q earnings to US$407.4 million ($564 million) from a year ago.
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SINGAPORE (Nov 12): Wilmar International, the agribusiness group, reported an 10.7% increase in 3Q earnings to US$407.4 million ($564 million) from a year ago.

The stronger performance was driven by better results in Tropical Oils and Oilseeds & Grains and supported by higher share of results of affiliates but offset by losses recorded by the group’s discontinued operations in Brazil as part of the newly acquired subsidiary in India, Shree Renuka Sugars.

Revenue for the quarter increased 4% to US$11.61 billion (3Q2017: US$ 11.13 billion), supported by higher sales volumes across all of the group’s businesses.

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