Agribusiness
Sri Trang Agro-Industry net profit surges 471% to $23.6m in Q2
Total revenue for the quarter also rose 21.6% YoY.
Bumitama Agri net profit drops by 27.9% in H1 2024
Their gross profit also fell by 16.5%.
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.
Halcyon Agri narrows loss to $31.6m in H1
The company posted a loss of US$24m.
Golden-Agri’s profit sinks 44% YoY despite revenue and EBITDA gains
Revenue and EBITA rose 5% YoY and 4% YoY, respectively.
Olam Group’s PATMI up 0.4% YoY, driven by strong subsidiary performance
Ofi reported an EBIT growth of 71.54% YoY.
First Resources’ net profit surges 45.4% in H1 2024
Sales for the period increased 1.9%.
Olam Holdings Pte Ltd secures $1.9b loan facility
Proceeds from the loan will be used to refinance existing debts.
IndoAgri's H1 net profit up 500% to $51.7m
The increase was due to higher gross profit, foreign exchange gain, and gain from changes in fair value of biological assets.
Olam extends deadline for Namoi Cotton acquisition offer
Olam offered up to $0.62 per share for at least 90% stake in Namoi Cotton.
Wilmar raises stake in Pakistan’s Unity Foods to 42.17%
Wilmar acquired new shares through its subsidiaries Wilmar Pakistan Holdings and Unity Wilmar Agro.
How are Singapore food producers faring in sustainable sourcing?
F&N was the top-performing Singapore-listed food producer in sustainable sourcing.
Daily Markets Briefing: STI down 0.5%; Top stock is ThaiBev
ThaiBev is the top stock with a 3.03% increase.
Wilmar International CEO boosts stake with 1 million share buy
He now owns a 14.07% stake in the company.
Food processing/ manufacturing firms increase by 8%
There are 2,171 food processing/manufacturing establishments in Singapore.
Local vegetable and seafood production dip in 2023
Energy price hikes and rising manpower costs impacted local production.
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