Agribusiness
Lower almond yields and high-interest rates lower Olam Group’s H1 PATMI
Lower almond yields and high-interest rates lower Olam Group’s H1 PATMI
The SGX-listed group posted $47.9m PATMI in the first half (H1) of 2023.
Bumitama Agri’s net profit down 45.4% YoY in H1
It went down to IDR 759.76b ($67.34m) in the first half (H1) of 2023.
First Resources’ net profit falls 44.1% YoY to $71.5m in 1H23
The company’s sales likewise fell during the period.
Wilmar International to dispose entire stake in Morocco company for US$605m
The company expects to complete the disposal by 4Q23.
HK mulls ban on aquatic products from Japan
Aquatic products include all live, frozen, chilled, and dried.
Olam Agri inducts 8 new members to its board
The new members will sit across four of Olam Agri’s board committees.
Singapore receives first-ever import of live chicken from Indonesia
Japfa delivered the 23,000 chickens to the Lion City.
SGX-listed GAR’s net profit down 51% in Q1 due to normalised CPO prices
Despite the softened results, the firm said it stayed resilient.
Live pig exports to Pulau Buluan likely to be suspended for another year: SFA
The government halted its production and import of live pigs from Pulau Bulan in April 2022.
Agribusiness GAR’s golden strategy combats supply chain issues
The palm oil firm stayed resilient by building its logistics capabilities.
Olam Agri secures US$615m financing facility
It will use the proceeds of the facility to refinance its existing loans.
Japfa’s segments to face uncertainties in higher costs and ASPs
The agri-food firm’s net PATMI declined 73.9%, on a yearly basis.
Bumitama Agri’s net profit falls 47.7% YoY to IDR647.37b in 2H22
The company attributed the decline in low-cycle production.
First Resources’ revenue reaches an all-time high of US$1.2b in FY22
The record sales propelled its underlying net profit to US$334.2m.
Golden Agri Resources’ net profit up to $528m in H2 22
The firm’s downstream and upstream businesses helped in the growth.
Wilmar CEO acquires additional 217,000 shares in the company
Kuok Khoon Hong acquired his additional stake at $3.93 per share.
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