date:Aug 11, 2014
Wilmar International Limited, Asias leading agribusiness group, posted a 22% decline in net profit to US$170.7 million for the quarter ended June 30, 2014 (2Q2014). Excluding non-operating items, the Group registered a drop of 34% in net profit to US$163.1 million in 2Q2014.
The lower net profit in 2Q2014 was mainly due to margin contraction in Palm Laurics and losses from associates. Oilseeds Grains recovered from losses in 1Q2014 but profit was lower than in 2Q2013 given the difficult opera