新2手机管理端（www.hg108.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皇冠体育开户（www.hg108.vip）是一个开放皇冠正网即时比分、皇冠体育开户的平台。皇冠体育开户平台（www.hg108.vip）提供最新皇冠登录，皇冠APP下载包含新皇冠体育代理、会员APP，提供皇冠正网代理开户、皇冠正网会员开户业务。
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