MARKET DEVELOPMENT
Singapore's Wilmar Says Q4 Profit Up 70 Pct
Singapore's Wilmar Says Q4 Profit Up 70 Pct
21/02/2017 (Reuters) - Wilmar International Ltd said its fourth-quarter profit rose 70 percent, helped by strong results across its business segments.
The world's largest palm oil processor and one of the biggest soybean buyers reported a net profit of $560.8 million for the three months ended December, compared with a net profit of $330.2 million a year earlier.
Fourth-quarter core net profit, which excludes non-operating items, rose 70 percent to $589.5 million.
The world's largest palm oil processor and one of the biggest soybean buyers reported a net profit of $560.8 million for the three months ended December, compared with a net profit of $330.2 million a year earlier.
Fourth-quarter core net profit, which excludes non-operating items, rose 70 percent to $589.5 million.