皇冠备用网址（www.hg9988.vip）:Wilmar International's half-year profit rises 55% on strong China demand
Wilmar's food products business, which processes and distributes a wide range of edible products like vegetable oil, flour, among others, logged a 22% jump in half-year pre-tax profit to $520.5 million.Wilmar, one of the world's largest food producers皇冠体育官网app（www.hg108.vip）是一个开放皇冠体育官网代理APP下载、皇冠体育官网会员APP下载、皇冠体育官网线路APP下载、皇冠体育官网登录APP下载的皇冠体育官网平台。皇冠体育官网APP上最新登录线路、新2皇冠体育官网更新最快。皇冠体育官网APP开放皇冠体育官网会员注册、皇冠体育官网代理开户等业务。
SINGAPORE: Singapore-listed agribusiness Wilmar International Ltd WLIL.SI on Thursday reported a 55% jump in net profit for the first half of fiscal 2022, boosted by robust performance across all its operations and strong demand from China, which offset rising costs.
Wilmar's China operations - which brought in half of its revenue during the period - saw strong demand for its edible food products due to stringent COVID-19 lockdowns during the second-quarter.
Revenue from China jumped 25.4% from last year to $18.06 billion.
However, Wilmar's food products segment faced headwinds from rising commodity prices, which pressured its margins.,
"Recent corrections in commodity prices will hopefully restore some of the demand destroyed by high prices and improve margins in the downstream business," Kuok Khoon Hong, Wilmar's chief executive said.
Wilmar's food products business, which processes and distributes a wide range of edible products like vegetable oil, flour, among others, logged a 22% jump in half-year pre-tax profit to $520.5 million.
Wilmar, one of the world's largest food producers, posted a net profit of $1.16 billion for the six months ended June 30, compared with $750.9 million a year earlier. Revenue rose 22.3% to $36.13 billion.
The company proposed an interim dividend of 6 Singapore cents per share, compared with 5 Singapore cents a year earlier. - Reuters
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