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

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SINGAPORE (Oct 30): Wilmar International, Asia’s leading agribusiness group reported net profit of US$536.6 million (S$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...(click on link for full story on theedgesingapore.com)