SGX-listed Wilmar International Limited reported a 19% improvement in net profit to US$1.53 billion in 2020, compared to US$1.29 billion in profit in 2019. Its performance improved on the back of robust performance across all core segments. Wilmar’s core net profit grew 18% to US$1.49 billion last year, from US$1.26 billion in the previous year. Its revenue rose 19% to US$50.53 billion in 2020, compared to US$42.64 billion in 2019, on the back of strong volume growth, firmer commodity prices as well as the consolidation of Goodman Fielder’s results.

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