Singapore's Wilmar posts HY profit rise, flags lower contribution from Adani JV

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The Star 4h ago

Singapore's Wilmar posts HY profit rise, flags lower contribution from Adani JV - The Star

Quick Summary:

SINGAPOREAN agri-business Wilmar International's first half profit inched higher, reflecting better performance at its food products segment which countered lower earnings from the Adani Wilmar joint venture.

The company's share of results from joint ventures and associates, however, declined 58% to $83.2 million for the six months.

RHB also reduced its fiscal 2025 earnings forecast on the firm by 11%, reflecting falling margins and a slow recovery in China operations.