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SINGAPORE: Agricultural business group Wilmar International has booked record earnings for the third quarter.
Net profit for the three months ended September 30 came in at US$482.6 million, up by 147 per cent year-on-year.
Revenue jumped by 67 per cent to US$8.35 billion.
Wilmar attributed the jump in earnings to strong growth in sales volume as well as improved margins.
For the first nine months, net profit amounted to US$1.2 billion, up by 234 per cent on-year. Revenue for the same period rose by 134 per cent to US$23.3 billion.
Looking ahead, the firm intends to continue to pursue a strategy of cost efficiency through economies of scale and organisational integration.
- CNA/ir
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