Wilmar’s dismal performance lingers with 22% profit loss in 2Q

Shareholders, you may now think twice.

Wilmar International Limited experienced a disappointing quarter due to margin contraction in Palm & Laurics and losses from associates.

OCBC reports that Wilmar’s profit fell some 21.9% to USD170.7 million, even as revenue increased to USD10517.7 million.

Excluding non-operating items, core earnings fell 33.6% year on year and 24% quarter on quarter to $163.1 million.

WIL declared an interim dividend of $0.02/share versus $0.025 a year ago.