Thursday, November 12, 2009

Wilmar posts US$1.4 billion profit

Wilmar International Ltd, Asia's leading agribusiness group with substantial operations in Indonesia, reported 24% growth in net profit of US$1.44 billion in Jan-Sep 2009. 
Wilmar, where Indonesian Wilmar Sitorus as a key shareholder, reported sales revenue of US$16.97 billion in Jan-Sep 2009, dropped 27% from the same period last year on lower commodities price. The company posted a 35% growth in net profit to US$652.9 million for the quarter ended September 30, 2009 even though its sales revenue declined 25% in the period.
Wilmar sold 13.78 million tons of palm and laurics in the Jan-Sep 2009, declined 5.4% from the same period last year, while oilseeds and grains increased 14.9% to 11.06 million tons. 

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