$WILMAR INTERNATIONAL LIMITED(F34.SI)$AGRIBUSINESS giant Wilmar International : F34 +1.83% saw its net profit climb 17.8 per cent to US$530.3 million for the first quarter ended March, on the back of firm palm oil prices.
Core net profit – excluding non-operating gains recorded from the group’s investment portfolio – rose 18.8 per cent to US$503.4 million during the quarter.
Q1 revenue was 23.2 per cent higher at US$17.6 billion, compared to US$14.3 billion in the year-ago period.
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