Singapore's Wilmar says Q4 profit up 70%

Wilmar International Ltd said its fourth-quarter profit rose 70 per cent, helped by strong results across its business segments.

The world's largest palm oil processor and one of the biggest soybean buyers reported a net profit of $560.8 million for the three months ended December, compared with a net profit of $330.2 million a year earlier.

Fourth-quarter core net profit, which excludes non-operating items, rose 70 per cent to $589.5 million.