{
  "id": 16884995,
  "title": "Wilmar posts Q3 net profit of US$281 million amid higher costs, reverses year-ago loss",
  "url": "https://urgent.news/2026/10/28/wilmar-posts-q3-net-profit-of-us-281-million-amid-higher-costs",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T10:14:16.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/wilmar-posts-q3-net-profit-us281-million-amid-higher-costs-reverses-year-ago-loss"
  },
  "original_language": "en",
  "account": "Wilmar International reported a net profit of US$281 million for its third quarter, reversing a loss from the previous year. This profit was 22.9% lower than the US$364.6 million earned in Q3 FY2025, according to a bourse filing. The decline was primarily due to higher costs, excluding a one-off US$712.3 million compensation expense paid to the Indonesian government. Core net profit fell 25.2% to US$267.3 million, while food products sales grew 11.9% to 10.4 million tonnes, and feed and industrial products sales remained stable at 18.8 million tonnes. Despite these challenges, Wilmar's overall sales volume increased by 1.7% to around US$19.4 billion. The company anticipates a challenging operating environment due to rising feedstock costs, surging commodity prices, and global supply disruptions, but remains cautiously optimistic about performance for the remainder of the year.",
  "summary": "Excluding a one-off expense, net profit declines 22.9% from US$364.6 million in the year-ago period",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}