Wilmar International Posts 34% Decline In Q1 Net Profit

Wilmar International Ltd

reported a 34% drop in its first-quarter net profit. Wilmar's quarterly net profit fell to US$255.9 million, from US$386.7 million, in the year-ago quarter. Its revenue gained 9.8% to US$10.5 billion. Wilmar shares closed at $37.45 yesterday.