Third Quarter of 2017, Net Profit of WilmarReached US$ 323,7 Million
InfoSAWIT, JAKARTA –The official report of Wilmar Internasional Ltd., (Wilmar) noted, the net profit for entire group reached US$ 323,7 millionin the third quarter of 2017 or decreased 18% compared to the net profit of the company in the same period in last year, 2016.
The best sectors were from seed oil and paddy that contributed the highest when the tropical oils and sugar were not so good.
The tropical oilwas no significant changes in the third quarter of 2017since the second quarter of 2017. In the official statement of Wilmar to InfoSAWIT, this happened for the decreasing income in the downstream sector and the unsatisfied condition. While in the sugar sector, the milling volume was not maximal and the profit was less than it in the third quarter of 2017. Luckily, the profits from other sectors increase the profits in group so the decreasing income was not too much.
In the plantation sector, the productivity and the volume increase but because of the decreasing profit margin in the processed product influence the work in plantation sectorover all. The profit before the tax decreased 50,9% in the third quarter of 2017 to be US$ 83,1 million only compared to the previous year in the same period that reached US$ 169.3 million.
Then in the last 9 months of 2017, the plantation sector decreased 36,4% to be US$ 321,2 million only or smaller than it in 2016 in the same period that reached US$ 505 million.
But the plantation productivity increased about 12,5% to be 5,2 ton/hectare in the third quarter of 2017. The fresh fruit bunch of the company increased 1,03 million tons in the same period. (T2)