Singapore's Wilmar International half-year revenue rises 17%
Singapore's Wilmar International half-year revenue rises 17%
Overview
Singapore agribusiness firm's unaudited half-year revenue rose 17%, core net profit up 10%
Company's core net profit for half-year increased 10% yr/yr
Half-year EBITDA rose 11% yr/yr to $2.2 bln
Outlook
Wilmar International did not provide specific financial guidance in the press release
Result Drivers
REVENUE GROWTH - Co reported 17% yr/yr increase in half-year revenue
CORE NET PROFIT RISE - Core net profit up 10% yr/yr for half-year
GROSS PROFIT INCREASE - Gross profit rose to $3.3 bln from $2.7 bln yr/yr
Company press release: ID:nSN9wq1J1
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| $38.56 bln |
|
H1 Core Net Income |
| $641.52 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for Wilmar International Ltd is S$3.60, about 9.1% below its August 11 closing price of S$3.96
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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