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

Wilmar International

20/02/2025 09:25

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;))