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BRIEF-Wilmar International announces forecast for second quarter, half year

Published 19/07/2016, 07:47 pm
BRIEF-Wilmar International announces forecast for second quarter, half year
WLIL
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July 19 (Reuters) - Wilmar International Ltd WLIL.SI :

* Sugar losses for 2q2016 are expected to be greater than 2q2015

* Wilmar International Limited (profit guidance)

* 2q2016 losses were largely attributed to the manufacturing sub-segment within oilseeds and grains and partially to the sugar segment

* Group is expected to report net losses of approximately us$230 million for second quarter

* Dry weather in Australia in early part of year is expected to reduce volume of cane crushed in fy2016 as compared to fy2015

* Barring unforeseen circumstances, operating environment for the group for rest of the year is expected to normalize

* Group is still expected to be profitable in H1, although profit is expected to be "significantly lower"

* Source text for Eikon ID:nSNZ8j5RYF

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