PPB Group Bhd, which owns an 18.6% stake in Wilmar, derives about two-thirds of its income from the Singapore-listed firm.. (File pic shows Wilmar products on sale in China.)
PETALING JAYA: Wilmar International Ltd saw a 6% decline in net profit to US$370mil for the third quarter ended Sept 30, as strong performance in the oilseeds and grains division was offset by weaker results in its tropical oils and sugar businesses.
The lower profit was on the back of a marginal increase of 0.4% in its revenue for the period, which came in at US$11.1bil supported by increased sales from the oilseeds and grains businesses.
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