Wilmar Posts Downbeat Q2 Profit

Wilmar International Ltd

reported weaker-than-expected second-quarter earnings. Wilmar's quarterly net profit dropped 70% to $117.1 million, missing analysts' estimates of $328 million. Wilmar's finance costs surged 40.2% to $164.8 million in the quarter. Wilmar's shares gained 5.95% to close at $27.76 yesterday.