Wilmar increased net profit for 2017 by 25%

Net profit of Wilmar for FY2017 totaled USD 1.22 billion, which is 25.4% more than the result of FY2016 (USD 972.2 million).

The company informs that in 4Q 2017 it received USD 427.5 million of net profit against USD 560.8 million in 4Q 2016.

It is noted that the revenue for FY2017 increased 5.9% to USD 43.85 billion, and for 4Q 2017 decreased 3.3% to USD 11.55 billion.

Wilmar EBITDA in FY2017 amounted to USD 2.58 billion, which is 14.9% more than in FY2016 (USD 2.24 billion).

Reference: Delta Wilmar CIS suspended the investment plan for the construction of a USD 150 million plant in the port of Yuzhny because of the actions of a charity organisation that extorted money from the company.