Wilmar Q4 Net Profit Jumps 57%

Singapore's Wilmar International Ltd WLMIY posted a 56.9% gain in its fourth-quarter net profit. Wilmar's quarterly net profit rose to US$500 million, from US$318.6 million, in the year-ago period. Its revenue climbed 26.7% to US$11.5 billion from US$9.09 billion. Wilmar's net profit in 2011 surged 20.9% to US$1.6 billion.