(Reuters) – Singapore-listed agribusiness Wilmar International Ltd reported a 24.1% drop in its first-quarter net profit on Friday, reflecting a dilution of interest in jointly-owned Adani Wilmar Ltd.
The company, one of the world’s largest food producers, said core net profit was $381.9 million for the quarter ended March 31, compared with $503.4 million last year.
(Reporting by Rishav Chatterjee and Navya Mittal in Bengaluru; Editing by Varun H K)
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