Singapore's Wilmar International first-half profit drops 3.7%
Reuters
Aug 12
Singapore's Wilmar International first-half profit drops 3.7%
Aug 12 (Reuters) - Singapore-listed food conglomerate Wilmar International WLIL.SI reported a 3.7% fall in its first-half core net profit on Tuesday, hurt by weaker contributions from its Feed and Industrial Products segment.
Core net profit reached $583.7 million for the six months ended June 30, down from $606.3 million a year ago.
The result missed the Visible Alpha consensus estimate of $655.2 million.
(Reporting by Roshan Thomas and Nichiket Sunil in Bengaluru; Editing by Rashmi Aich)
((Nichiket.Sunil@thomsonreuters.com;))
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