Wilmar's net profit, excluding discontinued ops, up 38.7% in H1

Its core segments improved their contributions; company says being in essential-foods trade is a factor

Published Tue, Aug 11, 2020 · 09:50 PM

Singapore

MAINBOARD-listed agri-business group Wilmar International saw its profit (excluding discontinued operations) jump 38.7 per cent to US$610.87 million for the six months ended June 30, on the back of improved contributions across all core segments.

Revenue went up 12 per cent to US$22.66 billion, with increased consumer product sales as people ate more often at home and also bought "higher-quality products", said the group in a bourse filing.

This and the consolidation of bread-and-spreads maker Goodman Fielders' results in the current peri…