Agribusiness

Wilmar International’s net profit dwindles to US$1.5b  in FY23

The FY23 net profit was 36.5% lower than the FY22 record. 
1 hour ago

Wilmar International’s net profit dwindles to US$1.5b  in FY23

The FY23 net profit was 36.5% lower than the FY22 record. 
1 hour ago

Olam Group says evidence not found in multi-billion dollar fraud allegations

Its Nigeria business continues its operations as usual.
3 days ago

Wilmar affirms zero tolerance for corruption after Chinese unit denies involvement in oil fraud

Yihai Kerry’s subsidiary has denied involvement in fraud causing $976.8m state enterprise loss.

British International Investment pours $20m into Valency International

It will fund the Singapore-based firm's expansion in Nigeria.

Gov’t temporarily bans import of poultry from 23 US regions 

The 23 regions have reported outbreaks of H5N1 in poultry.

Shen Yao independent director charged by CPIB, steps down

The director cited health reasons for his resignation.

Bumitama Agri's net profit dips 27% YoY to $181.97m in 9M23

The company's revenue also fell during the period.

Wilmar Q3’23 net profit dips, dragging YTD performance

It was partially offset by robust performance in our sugar milling and merchandising businesses.

Kuok Khoon Hong boosts stake in Wilmar

The Wilmar chief now has a 13.44% stake in the company.

Olam Agri refutes allegations of Nigeria business’ involvement in multi-billion dollar fraud

The company said reports that it funnelled US$34b into the Central Bank of Nigeria are “inaccurate.”

Olam unit bags US$1.75b sustainability-linked loan

Nineteen banks participated in the facility.

Olam Group subsidiary secures multi-tranche sustainability-linked loan

Olam food ingredients (ofi) seeks to deliver sustainable food and beverage ingredients.

Wilmar’s earnings trimmed to 22% in 2023 after ‘disappointing’ H1 earnings

Earnings will grow by 22%, 12%, and 5% for 2023 to 2025, analysts estimate.

Lower almond yields and high-interest rates lower Olam Group’s H1 PATMI

The SGX-listed group posted $47.9m PATMI in the first half (H1) of 2023.

Bumitama Agri’s net profit down 45.4% YoY in H1

It went down to IDR 759.76b ($67.34m)  in the first half (H1) of 2023.