February 20, 2017 / 10:01 AM / 9 months ago

Singapore's Wilmar says Q4 profit up 70 pct

SINGAPORE, Feb 20 (Reuters) - Wilmar International Ltd said its fourth-quarter profit rose 70 percent, helped by strong results across its business segments.

The world’s largest palm oil processor and one of the biggest soybean buyers reported a net profit of $560.8 million for the three months ended December, compared with a net profit of $330.2 million a year earlier.

Fourth-quarter core net profit, which excludes non-operating items, rose 70 percent to $589.5 million. (Reporting by Aradhana Aravindan; Editing by Amrutha Gayathri)

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