Wilmar International
- Start
- Feb 20, 202590% CONFIDENCEfrom the source
Wilmar FY2024 Net Profit Falls 23% to US$1.17 Billion as Sugar Trading Weakens
- Net profit for the year to 31 December 2024 fell 23% to US$1.17 billion (FY2023: US$1.52 billion) and core net profit fell 26% to US$1.16 billion[1]
- Second-half core net profit fell 44% to US$558.2 million, mainly because 2H2023 had included a US$231.0 million gain on the sale of the Moroccan associate Cosumar, and 2H2024 took a US$22.8 million net loss on the Luhua share swap in China[1]
- Feed and Industrial Products pre-tax profit fell 10% to US$829.5 million on weaker sugar merchandising and tough tropical-oils conditions; Food Products rose 70% to US$502.1 million on 33.0 million tonnes of sales[1]
- Revenue edged up to US$67.38 billion; net debt rose US$986.1 million to US$18.64 billion and net gearing to 0.94x[1]
- The board proposed a final dividend of S$0.10, taking the FY2024 total to S$0.16 against S$0.17 a year earlier[1]
- Kuok Khoon Hong said the group was confident FY2025 results would be satisfactory, barring unforeseen circumstances[1]
- The results went to SGX after trading hours at 17:17 Singapore time[2], on the date Wilmar had announced on 10 January 2025[3]
References 390% CONFIDENCE
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- [1]90%media-wilmar.todayir.com/202502201744071729070911_en.pdfmedia-wilmar.todayir.com· Posted Sep 24, 2026· Starts Feb 20, 2025 ✓· 84% of score
The news release is datelined "Singapore, February 20, 2025" and the SGX filing was broadcast at 17:17:11 Singapore time that day.
- [2]95%SGX: Financial Statements and Related Announcement - Full Yearly Results (Wilmar, 20 Feb 2025)media-wilmar.todayir.com· Published Feb 20, 2025· 9% of score
SGX cover of the FY2024 results filing; 'Date & Time of Broadcast 20-Feb-2025 17:17:11' gives the pin's time.[1]
- [3]90%SGX: Notification of Results Release (Wilmar, 10 Jan 2025)media-wilmar.todayir.com· Published Jan 10, 2025· 8% of score
Wilmar announced on 10 Jan 2025 that the FY2024 statements were 'scheduled to be released after trading hours on 20 February 2025'.[1]
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