- Food, and Feed and Industrial product segments drove the improvement in 1H24.
- Sugar milling, plantation production, demand in China and joint ventures & associates contributions were the weak spots in 1H24.
Weaker joint ventures & associates contributions weighed on 1H24 results
- - Read this at SGinvestors.io -
- Feed and Industrial Products, and Food Products segments reported strong pre-tax profit growth of 77% and 34% y-o-y respectively in 1H24, driven by higher sales volume, improvement in crushing margins and a decline in commodity prices which led to lower raw material costs.
- - Read this at SGinvestors.io -
Interim dividend
- See Wilmar's dividends. An interim dividend of 6 Singapore cents per share was declared, same as last year.
Plantation & sugar milling business could improve in 2H24
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2024-08-16
Read also OCBC's most recent report:
2024-11-04 Wilmar International - Weak Results As Operations In China Stayed Weak.
Price targets by 3 other brokers at Wilmar Target Prices.
Listing of research reports at Wilmar Analyst Reports.
Relevant links:
Wilmar Share Price History,
Wilmar Announcements,
Wilmar Dividends & Corporate Actions,
Wilmar News Articles
