Edition:
United Kingdom

Wilmar International Posts Qtrly Net Profit Of $200.9 Mln


Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Wilmar International Ltd ::QTRLY NET PROFIT $200.9 MILLION VERSUS $426.7 MILLION.QTRLY REVENUE $11,099.9 MILLION VERSUS $11..446.7 MILLION.BOARD HAS PROPOSED A FINAL TAX EXEMPT (ONE-TIER) DIVIDEND OF S$0.07 PER SHARE."PERFORMANCE FOR FY2019 WILL BE SATISFACTORY".CRUSH MARGINS FOR 1Q2019 WILL BE ADVERSELY IMPACTED BY SHARP DECLINE IN MEAL DEMAND FROM OUTBREAK OF AFRICAN SWINE FEVER IN CHINA.CRUSH MARGINS EXPECTED TO IMPROVE IN 2Q2019.TROPICAL OILS SHOULD CONTINUE TO DO WELL IN 2019.RECENTLY CONVERTED ITS CHINA HOLDING CO INTO A JOINT-STOCK COMPANY, WITH A VIEW TO A POSSIBLE SEPARATE LISTING IN CHINA.