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Wilmar reports record 3Q core net profit of US$501.4 mil

Felicia Tan
Felicia Tan • 3 min read
Wilmar reports record 3Q core net profit of US$501.4 mil
In addition, a special dividend of 15% of YKA's total IPO proceeds will be declared in 2021 to commemorate its listing.
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Wilmar International, Asia’s leading agribusiness group reported net profit of US$536.6 million ($732.5 million) for the 3QFY2020 ended September, up 20% from the net profit of US$447.1 million the year before.

Core net profit for the quarter stood at US$501.4 million up 19.6% y-o-y, making this the highest third quarter core results since the group’s listing.

3QFY2020 revenue climbed 19.3% y-o-y to US$13.32 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 19.8% y-o-y to US$1.09 billion.

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