Agribusiness
Wilmar Q3’23 net profit dips, dragging YTD performance
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.
Golden Agri’s net profit cut by half in 1H23
Its profit fell to US$182m.
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.
First Resources’ net profit falls 44.1% YoY to $71.5m in 1H23
The company’s sales likewise fell during the period.
Wilmar International to dispose entire stake in Morocco company for US$605m
The company expects to complete the disposal by 4Q23.
HK mulls ban on aquatic products from Japan
Aquatic products include all live, frozen, chilled, and dried.
Olam Agri inducts 8 new members to its board
The new members will sit across four of Olam Agri’s board committees.
Singapore receives first-ever import of live chicken from Indonesia
Japfa delivered the 23,000 chickens to the Lion City.
SGX-listed GAR’s net profit down 51% in Q1 due to normalised CPO prices
Despite the softened results, the firm said it stayed resilient.
Live pig exports to Pulau Buluan likely to be suspended for another year: SFA
The government halted its production and import of live pigs from Pulau Bulan in April 2022.
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