Wilmar reports 120% surge in 4Q earnings to US$438m, proposes record-high dividend for FY2019

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SINGAPORE (Feb 20): Wilmar International, Asia’s leading agribusiness group, reported earnings of US$438.4 million (S$613.7 million) for 4QFY2019 ended December, a 120% increase from earnings of US$199.4 million a year ago.

As a result, the group’s full-year earnings was lifted to US$1.3 billion, some 15% higher than US$1.1 billion in FY2018.

Wilmar says that the improved earnings were attributable to strong performances from Tropical Oils and Oilseeds & Grains segment, as well as the absence of impairment loss from the Sugar segment.

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