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Wilmar Posts Downbeat Q2 Profit

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Wilmar International Ltd (OTC: WLMIY) 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.

Posted-In: profitEarnings News

 

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