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BRIEF-Wilmar International reports qtrly net profit of $361.6 mln
May 11, 2017 / 9:58 AM / 5 months ago

BRIEF-Wilmar International reports qtrly net profit of $361.6 mln

May 11 (Reuters) - Wilmar International Ltd

* Qtrly net profit $361.56 million versus $239.4 million a year ago

* Qtrly revenue $10.6 billion versus $9 billion a year ago

* Recent volatility in sugar prices is expected to impact our sugar operation

* Overall, we are cautiously optimistic that next quarter’s performance will be satisfactory

* “volume for consumer products is expected to recover from seasonal reduction in 1Q2017”

* Announce that it is carrying out an internal restructuring of its China operations with possibility of a separate listing

* “Although lower CPO prices will impact our plantation & palm oil mills operations, we believe that this will be partially offset by anticipated higher palm oil production” Source text for Eikon: Further company coverage:

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