Wilmar International Q3 core profit falls 25% on costlier raw materials

what happened

Singapore-based agribusiness Wilmar International reported that third-quarter revenue rose 13.6% year on year. Core net profit, however, dropped 25% from a year earlier. The company said higher raw material costs weighed on its Food Products segment, while weaker soybean crushing margins hit the Feed and Industrial Products segment.

Sales volume growth in food products was partly driven by the consolidation of AWL Agri Business Limited. Wilmar expects the operating environment to stay challenging because of commodity price volatility, but it said its core business should remain resilient for the rest of the year. The details come from Reuters, based on LSEG data and company information.

why it matters

For markets, the report signals that input costs and swings in commodity prices are still squeezing margins at large agribusiness groups. Weak soybean crushing economics cut into profit across the chain, so investors in edible oils and soy products tend to watch results like these closely.

market impact

Wilmar and agri markets: higher input costs and weak soybean margins pressure profit

tags

instruments