Agribusiness
Olam’s profit up 48% in 3Q11
It raised a total of S$740m through the issue of new shares and rights offering.
Olam’s profit up 48% in 3Q11
It raised a total of S$740m through the issue of new shares and rights offering.
All quiet on the Wilmar International M&A front
The commodoties company has been ‘uncharacteristically quiet’ with only A$115m worth of acquisitions this year.
Olam International building up a ‘huge war chest’
That is with $740m from its latest equity‐raising and a recent $1.5b term loan, says Kim Eng.
Buy local produce: AVA
The Agri-Food & Veterinary Authority is urging consumers to support the local farming industry to raise self-sufficiency levels.
Wilmar International unaffected by China price caps
This, as Wilmar received some 1.2m tons of subsidized soy beans from the Chinese government, says OCBC.
Noble Group to expand in India and China
The company is exploring not only Asia but businesses like clean fuels and vegetable oils.
Golden Agri-Resources expects more than 10% CPO output growth
That is if weather conditions remain favourable for crude palm oil production.
Wilmar to boost profit as China lifts price caps for retail vegetable oils
Assuming a 6-month impact, the company could now gain around US$15m, says CIMB.
Not so sweet: Wilmar expects losses in sugar milling
Operations of its subsidiary Sucrogen are forecast to be back-end loaded due to seasonality.
Wilmar International plans to buy business assets of PCSMA
The purchase, pending approval, would increase subsidiary’s milling capacity by about two million tones.
Massive $173 billion will be invested in new aussie mines
And new projects are threatened by cost overruns and delays as economy struggles to cope with size of new projects.
Indonesia imposes moratorium on new land permits
Palm-oil producers and mining companies rejoice at the two-year moratorium on new concession permits for forests and peat lands.
Olam launches $1.25bln syndicated term loan facility
Part of the proceeds will be used for the expansion of the company’s supply chain management business.
Golden Agri-Resources' net profit up by 150.7% to US$228.8M in 2010
Now Golden Agri readjusted their projected net profit for 2011 from US$ 375M to US$879M, says a report.
Strong volumes boost Olam earnings for 3Q11
The food products supplier’s net profit jumped 43% YoY to S$127mln on the back of improved NC per ton for all but two of its segments.
Olam net profit surges 55.9% in nine months FY11
Olam reported a Net Profit After Tax of S$265.9 million for the nine months ended March 31, 2011.
Poor catch in Peru seas hurt China Fishery’s net profit for 2Q11
The fishing company's net profit fell 2.4% YoY to US45.8mln due to weak Peruvian fishmeal operations.
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