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Wilmar 3Q2018 сore net earnings up 35%
12 November 2018, 13:27
In 3Q2018, Wilmar core net profit improved 35% to USD 434.7 million against 321.7 in 3Q2017.
"The stronger performance was driven by better results in Tropical Oils and Oilseeds & Grains. This was further supported by higher share of results of affiliates and a slight improvement in Sugar," the report says.
In 9M2018, core net profit of the company increased 49.1% to USD 970.1 million.
Revenue for the quarter rose by 4% to USD 11.61 billion (3Q2017: USD 11.13 billion), supported by higher sales volumes across all of the Group’s businesses.
Revenue grew 4% to USD 33.57 billion (9M2017: USD 32.30 billion) for the nine months ended September 30, 2018.
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).
