Shares of Singapore’s Wilmar International (WLIL.SI), the world’s largest listed palm oil firm, fell as much as 9% in early trading on concerns about margins at its consumer business, reported Reuter.
Wilmar had earlier on Wednesday posted better-than-expected fourth-quarter net profit as its expanded sugar operations made up for weakness at its core palm oil business.
Wilmar had earlier on Wednesday posted better-than-expected fourth-quarter net profit as its expanded sugar operations made up for weakness at its core palm oil business.
By 9:06 a.m., Wilmar shares were down 8% at $5.38, underperforming the Straits Times Index which was 0.3% lower.
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