However the group says that these were partially offset by weaker contributions from the Feed and Industrial Products segment. Operating conditions for the tropical oils business remained challenging in 1QFY2025 while crushing margins improved during the quarter.
Wilmar International has reported a net profit of US$343.9 million ($450.30 million) for the 1QFY2025 ended March 31, up 13.5% y-o-y.
Core net profit for the quarter improved 4.4% y-o-y to US$343 million on the back of better performance from both Food Products and Plantation and Sugar Milling segments, as well as higher contributions from its associates and joint ventures, mainly from its investments in China, India and Southeast Asia.
