Agribusiness
Olam Agri secures US$615m financing facility
Olam Agri secures US$615m financing facility
It will use the proceeds of the facility to refinance its existing loans.
Japfa’s segments to face uncertainties in higher costs and ASPs
The agri-food firm’s net PATMI declined 73.9%, on a yearly basis.
Bumitama Agri’s net profit falls 47.7% YoY to IDR647.37b in 2H22
The company attributed the decline in low-cycle production.
First Resources’ revenue reaches an all-time high of US$1.2b in FY22
The record sales propelled its underlying net profit to US$334.2m.
Golden Agri Resources’ net profit up to $528m in H2 22
The firm’s downstream and upstream businesses helped in the growth.
Wilmar CEO acquires additional 217,000 shares in the company
Kuok Khoon Hong acquired his additional stake at $3.93 per share.
Wilmar International’s net profit rises to US$2.4b in FY22
The group attributed the increase to higher profit from all its key segments.
First Resources Limited’s net profit surges threefold to US$253.8m in 9M 2022
EBITDA is also 91.2% higher than a year ago.
Wilmar International core net profit up 38.2% to US$796m in Q3
It achieved record core net profit for the first nine months of the year.
Olam unit receives US$1.98b sustainability-linked loan
Olam unit secures loan from 19-bank consortium.
Olam Agri bags US$2.9b facility for refinancing of existing loans
The facility was based on Poseidon Principles.
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.
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