, Singapore

Wilmar’s net profit jumped 18% to $279.4m in Q2

Oilseeds and grain business flourished.

Wilmar reported that its net profit jumped 18% year-on-year to $279.4m (US$201.8m), driven by the near-doubling of profits in its oilseeds and grains segment.

However, its tropical oils segment turned in a lower profit in the quarter due to lower crude palm oil (CPO) prices while sugar saw weaker performances amidst tougher operating conditions.

Revenue for the quarter declined 12% to $12.84b (US$9.28b), mainly due to lower commodity prices. 

Wilmar has proposed an interim tax exempt one-tier dividend for 1H2015 of $0.025 per share forthe first half, payable on August 26, 2015.  

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