Singapore's Wilmar International posts 23% fall in annual profit

Reuters
2025/02/20
Singapore's Wilmar International posts 23% fall in annual profit

Feb 20 (Reuters) - Singapore-listed agribusiness firm Wilmar International WLIL.SI reported a 23.3% fall in full-year core net profit on Thursday, hurt by weak performance from its plantation and sugar milling as well as feed and industrial products segments.

The company, one of the world's largest food producers, reported its core net profit for the twelve months ended December 31 was $1.16 billion, down from $1.57 billion reported the previous year.

That missed analysts' average estimate of $1.40 billion, according to data compiled by LSEG.

(Reporting by Shivangi Lahiri and Sherin Sunny in Bengaluru; Editing by Eileen Soreng)

((Shivangi.Lahiri@thomsonreuters.com;))

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