, Singapore
241 views
Photo from Envato Elements

Wilmar International’s net profit up 5.2% in H1 2024

The increase was due to better performances in the Feed & Industrial Products and Food Products segments.

Wilmar International posted a net profit of $763.7m (US$579.6m), up 5.2% year-on-year (YoY) to $725.9 (US$550.9m) in H1 2024 amidst better performances in the Feed & Industrial Products and Food Products segments, partially offset by lower contributions from Joint Ventures & Associates and sugar milling operations. 

Profit from the Feed & Industrial Products segment rose 34% YoY to $703.6m (US$534.0m), whilst the Food Products segment saw a 77% YoY increase to $192.7m (US$146.3m).

Meanwhile, the Plantation & Sugar Milling segment recorded a 14% YoY decline to $71m (US$53.9m) in profit.

In addition, shares from Joint Ventures & Associates declined 58% YoY to $109.6m (US$83.2m) due to lower contributions from the Group’s investments in Europe, China, and Africa. 

Overall revenue declined 4.9% YoY to $40.7b (US$30.9b) from $42.8b (US$32.54b) a year ago as revenue across all core segments dropped due to rising commodity prices.

Earnings per share stood at $0.012 (US$0.093).

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!