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F34 — Wilmar International News Story

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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


Reuters Recommended Reads

  • Aug 11 - Singapore's Delfi H1 revenue rises on Own Brands growth in key markets

  • Aug 11 - Malaysia’s SD Guthrie sees El Niño impacting 2027-28 palm oil output

  • Aug 10 - Dole PLC Q2 revenue rises on growth in Diversified Fresh Produce


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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