Wilmar International (SG:F34) has released an update.
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Wilmar International’s subsidiary, Yihai Kerry Arawana Holdings, reported a notable decline in its financial performance for the third quarter and the first nine months of 2024 compared to last year. Revenue dropped by 5.49% in Q3 and 6.93% in the nine-month period, while net profit plummeted by over 71% and 32% respectively. The challenging economic landscape has impacted earnings per share and return on equity, reflecting the broader market uncertainties.
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