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Wilmar reports 23.8% decline in 4Q earnings to US$427.5 mil

Stanislaus Jude Chan
Stanislaus Jude Chan2/22/2018 06:25 PM GMT+08  • 3 min read
Wilmar reports 23.8% decline in 4Q earnings to US$427.5 mil
SINGAPORE (Feb 22): Wilmar International saw its earnings fall 23.8% to US$427.5 million ($564.6 million) for the 4Q ended December, from US$560.8 million a year ago.
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SINGAPORE (Feb 22): Wilmar International saw its earnings fall 23.8% to US$427.5 million ($564.6 million) for the 4Q ended December, from US$560.8 million a year ago.

This brings full year earnings to US$1.22 billion for FY17, some 25.4% higher than FY16 earnings of US$972.2 million.

Excluding the gains from the group’s investment portfolio, core net profit was lower for the quarter at US$373.9 million.

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