In the 3QFY2024, the group’s revenue rose slightly by 0.4% y-o-y to US$17.75 billion despite higher sales volumes as most commodity prices were lower comparatively.
Wilmar International has reported a core net profit of US$208.1 million ($275.2 million) for the 3QFY2024 ended Sept 30, 35.7% lower y-o-y, due to weaker contributions from its Chinese operations and its sugar division, which more than offset the better performances from tropical oils, oleochemicals, shipping and crushing.
Overall net profit, which includes contributions from Wilmar’s joint ventures and associates as well as non-operating gains recognised from the group’s investment securities, fell by 19% y-o-y to US$254.4 million.
