Wilmar's core net profit drops 35.7% YoY in Q3 amidst China weakness

It recorded a core net profit of US$208.1m.

Wilmar International ended the third quarter with a 35.7% YoY lower core net profit of US$208.1m.

The company attributed the decline to weaker contributions from its China operations and Sugar division.

On the flip side, its tropical oils, oleochemicals, shipping and crushing "did better than expected" in Q3.

The company expects refining margins for tropical oils to improve and crushing margins for soybeans to remain positive until year-end.

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Wilmar International Limited

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