Agribusiness

Wilmar International’s net profit rises 55.1% YoY to $1.6b in H1 2022

Its key business segments improved their performance during the period.
4 days ago

Wilmar International’s net profit rises 55.1% YoY to $1.6b in H1 2022

Its key business segments improved their performance during the period.
4 days ago

Japfa’s attributable profit plunges 62.9% to US$44m

This is due to the higher raw materials costs and other external factors.

Olam Agri secures $1.03b loan from UAE banks

The loan will be used to pay for some of the firm’s existing debts.

High Court places Nutryfarm under judicial management 

An official from Nexia TS Risk Advisory will serve as judicial manager.

Muted earnings growth for Bumitama Agri seen in Q2 due to export ban

The export restrictions will result in lower sales volume.

Golden Agri-Resources posts $261.3m net profit YoY in Q1

Its profit was driven by the appreciation of crude palm oil market prices.

Trading strategy pushed for plantation sector amidst ‘uncertainties’: RHB

Crude palm oil prices have increased risks if Indonesia's export ban ends.

Brewing soon: Olam subsidiary to acquire Canada’s Club Coffee

The transaction is expected to finish in the second quarter of 2022.

OLAM Group to sell 35.4% stake in Olam Agri for $1.7b

Proceeds will go towards right-sizing Olam Group’s capital structure, amongst others.

Japfa net profit declined by 34.6% in 2021

The total net profit recorded was $161.2m.

Golden Agri’s net profit surged to $645.5m in 2021

Upstream and downstream businesses contributed to Golden Agri’s stronger performance.

Olam acquires 10% of Saudi flour mill

The equity consideration was around $18.02m.

Temasek establishes the Asia Sustainable Foods Platform

The platform aims to accelerate the commercialisation of sustainable foods in Asia.

First Resources sales heighten by 89.2% to $424.8m for Q3

This was driven by the group's higher average selling prices of palm oil.

GAR profit soars 580% YoY to $189.82m in Q3

This growth was also reflected in its EBITDA with 145% increase.

Olam launches end-to-end carbon management platform

It will support MAS' sustainability agenda.