Agribusiness
Olam Group’s PATMI up 0.4% YoY, driven by strong subsidiary performance
Olam Group’s PATMI up 0.4% YoY, driven by strong subsidiary performance
Ofi reported an EBIT growth of 71.54% YoY.
First Resources’ net profit surges 45.4% in H1 2024
Sales for the period increased 1.9%.
Olam Holdings Pte Ltd secures $1.9b loan facility
Proceeds from the loan will be used to refinance existing debts.
IndoAgri's H1 net profit up 500% to $51.7m
The increase was due to higher gross profit, foreign exchange gain, and gain from changes in fair value of biological assets.
Olam extends deadline for Namoi Cotton acquisition offer
Olam offered up to $0.62 per share for at least 90% stake in Namoi Cotton.
Wilmar raises stake in Pakistan’s Unity Foods to 42.17%
Wilmar acquired new shares through its subsidiaries Wilmar Pakistan Holdings and Unity Wilmar Agro.
How are Singapore food producers faring in sustainable sourcing?
F&N was the top-performing Singapore-listed food producer in sustainable sourcing.
Daily Markets Briefing: STI down 0.5%; Top stock is ThaiBev
ThaiBev is the top stock with a 3.03% increase.
Wilmar International CEO boosts stake with 1 million share buy
He now owns a 14.07% stake in the company.
Food processing/ manufacturing firms increase by 8%
There are 2,171 food processing/manufacturing establishments in Singapore.
Local vegetable and seafood production dip in 2023
Energy price hikes and rising manpower costs impacted local production.
TSH Resources Berhad profit drops 34% in 1Q24
The company attributed the dip to revenue decline.
Golden Agri Resources net profit plunges 60% YoY to US$37m in 1Q24
The company's gross profit and EBITDA also declined.
Currency woes overshadow Bumitama's revenue rise in 1Q24
Net profit for the period fell 23.5% YoY to IDR 328.4b.
Wilmar secures US$100m ESG-linked loan from Maybank
Maybank will lower the interest rates in tiers as Wilmar meets ESG goals.
Rize eyes tech boost, expansion through $18.95m Series A funding
The company targets growing its team of agronomists to over 100 to reach more rice farmers in 2024.
Olam Agri raises offer for Namoi to A$0.70 per share
Namoi's biggest shareholder has backed Olam's offer.
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