Singapore Stock Market News
Wilmar Int't - Strong crush margins
StockFanatic
Publish date: Wed, 12 Nov 2014, 01:35 PM
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Wilmar's 9M14 was in line with our expectation led primarily by strong positive crush margins (3Q14: USD17.4/t vs 3Q13: USD9.5/t) in Oilseeds & Grains. Elsewhere, Plantations & Palm Oil Mills (Plantations), Consumer Products and Sugar also recorded strong earnings, but Palm & Laurics was affected by a 44% decline in pretax margin on the back of crushing overcapacity in Indonesia.
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