Wilmar Q3 Profit Falls 25 Percent
Wilmar International posted a 25 percent drop in third quarter core net profit to $267 million. Weaker margins and rising costs weighed on its segments. The company expects operating challenges to persist.
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WILMAR INTERNATIONAL LTD posted a 25.2% drop in third-quarter core net profit to $267.3 million on Wednesday morning, down from $357.2 million a year earlier. The Singapore-listed agricultural giant faced margin pressure from a sharp rise in commodity prices and global supply disruptions. Wilmar expects tough operating conditions to persist through the remainder of the year despite its diversified business model.
