Singapore, August 14, 2008 – Wilmar International Limited (“Wilmar” or “the Group”), Asia's leading agribusiness group, more than tripled its net profit to US$331.7 million for the quarter ended June 30, 2008 (“2QFY08”). Revenue for the quarter was 162% higher, at US$7.83 billion.
- Higher sales volume and improved margins boost the merchandising & processing segment
- Plantations gained from higher CPO prices and increased production
- Positive effects from merger with Kuok Group’s palm plantation, edible oils, grains and related businesses
- 2QFY08 net profit of US$332 million represents an increase of 227% over 2QFY07 and 139% over proforma 2QFY07
- EPS climbs from 3.82 US cents to 5.07 US cents
