Agribusiness
Muted earnings growth for Bumitama Agri seen in Q2 due to export ban
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.
GAR profit soars 580% YoY to $189.82m in Q3
This growth was also reflected in its EBITDA with 145% increase.
Olam launches end-to-end carbon management platform
It will support MAS' sustainability agenda.
Japfa net profit down 12.4%
Strict lockdowns and restrictions affected the demand for its protein products.
Wilmar International to post stronger H2 results: analysts
The agribusiness giant recorded a 23% increase in its PATMI in the first half.
First Resources output growth may exceed 5% in 2021: Maybank Kim Eng
The palm oil producer is expected to make up for its drop in net profit in the next six months.
First Resources net profit down 16.7% amidst volatile palm oil prices
First Resources’ reported a net profit of $32.6m for the first half of the year.
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