Singapore, May 13, 2008 – Wilmar International Limited (“Wilmar” or “the Group”), Asia's leading agribusiness group, posted a six fold increase in net profit to US$343.0 million for the quarter ended March 31, 2008 (“1QFY08”). Revenue for the quarter rose 261% to US$7.14 billion.
- Positive effects from merger with Kuok Group’s palm plantation, edible oils, grains and related businesses, and favourable market environment
- Robust performance across most business segments on higher sales volume, enhanced margins and firmer commodity prices
- 1QFY08 net profit of US$343 million represents an increase of 590% over 1QFY07 and 246% over proforma 1QFY07
- EPS climbs from 1.96 US cents to 5.24 US cents
