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Wilmar shares up 3.8% as 2Q earnings surge more than fivefold

PC Lee
PC Lee8/14/2018 10:42 AM GMT+08  • 2 min read
Wilmar shares up 3.8% as 2Q earnings surge more than fivefold
SINGAPORE (Aug 14): Shares in Wilmar International are up 12 cents at $3.25 at 10.30am with 6 million units traded after the agribusiness group announced 2Q18 earnings surged more than five times to US$316.4 million ($435.3 million) from a year ago.
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SINGAPORE (Aug 14): Shares in Wilmar International are up 12 cents at $3.25 at 10.30am with 6 million units traded after the agribusiness group announced 2Q18 earnings surged more than five times to US$316.4 million ($435.3 million) from a year ago.

Revenue for 2Q18 ended June increased 2% to US$10.80 billion from a year ago due to higher sales volume and commodity prices from the Oilseeds & Grains businesses.

Core net profit of US$352 million was up more nearly 10 times driven by stronger performance from the Oilseeds & Grains and Tropical Oils segments, as well as enhanced contributions from the group’s associates.

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