Agribusiness
Halcyon Agri's gross profit up 17.6% in H1 22
The firm recorded a gross profit of $117m (US$85.9m).
First Resources' net profit soars 293.1% YoY to US$128.0m
Stronger palm oil prices gave the company a boost.
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.
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 posts all-time high operational PATMI 41.8% increase to $961.1m
Thanks to the group's reorganisation.
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.
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