Wilmar H1 net profit within expectations

A customer looks at bottles of Wilmar International Ltd. Arawana brand cooking oil at a supermarket in Shanghai. - Filepic

PETALING JAYA: Wilmar International Ltd’s first half net profit of US$559mil (23% jump year-on-year) was within expectations, and accounted for close to half of analysts’ consensus estimates, according to a Kenanga Research report.

Headquartered in Singapore and known as Asia’s leading agribusiness group, Wilmar’s first half fresh fruit bunches (FFB) output of 1.91 million tonnes (0.5% increase year-on-year) and dividend per share of four Singapore cents were also within analysts’ expectations.