Wilmar International reports lower core net profit of US$323.6 mil for the 3QFY2023, 59.4% lower y-o-y

Agribusiness group Wilmar International (SGX:F34) has reported a lower core net profit of US$323.6 million ($443.62 million) for the 3QFY2023 ended Sept, a 59.4% decrease y-o-y from US$796.7 million in 3QFY2022. 

The group says this is mainly due to compressed refining margins from the tropical oils business, in line with industry wide trends, and a weaker performance from its fertiliser operations.