SINGAPORE (Feb 20): Wilmar International Ltd said its fourth-quarter profit rose 70%, helped by strong results across its business segments.
The world's largest palm oil processor and one of the biggest soybean buyers reported a net profit of US$560.8 million for the three months ended December, compared with a net profit of US$330.2 million a year earlier.
Fourth-quarter core net profit, which excludes non-operating items, rose 70% to US$589.5 million.