InfoSAWIT, SINGAPORE – Wilmar International Limited, one advance agribusiness group in Asia reported to get net profits from the main busiess that reached 5% to be US$606,3 million in the the first semester that ended on 30 June 2024.

The company got profits up to US$ 577,2 million while the net profits got losses from non-operational items that reached US$ 579,6 million, got escalated from US$ 550,9 million in the first semester of 2023. These happened for the better performance in woof product and industries and also food products even though they less contribute than joint venture and sugar mill operation.

The income of the group got decreased 5% to be US$ 30,93 billion in a whole to US$ 32,54 billion in the same period last year. The cheaper commodity prices would be the main factors why the income got decreased even though some were covered up by the higher selling during the period.

Business Performance

Food product segment that covered consumers’ products, medium packages, and groceries, significantly got increasing profit before tax that reached 77% to be US$ 146,3 million in the first semester of 2024, from US$ 82,7 million in the same period last year. It happened for the increasing selling volume and the cheaper commodities that made cheaper materials. In the whole the selling volume for food products increased 7% to be 15,6 million metric tons, with the increasing one in every sub-segment.

Woof product and industries that covered tropical oils, seeds, and sugar reported the increasing profits before tax that reached 34% to be US$ 534,0 million, from US$ 399,0 million in the first semester of 2023. This happened for the increasing selling volume and better margin in the second quarter of 2024. The whole selling volume for woof product and industries got increased 8% to be 30,2 million metric tons.

Source: Majalah InfoSAWIT, August 2024