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Including the interim dividend of 4 cents per share, which was paid in August 2020, the total dividend for FY2020 stands at 19.5 cents, the highest given out by the group since its listing. Revenue for the 2HFY2020 grew 24.3% y-o-y to US$27.87 billion while FY2020 revenue increased by 18.5% y-o-y to US$50.53 billion. The growth in revenues for both the full-year and half-year period were attributable to strong volume growth, firmer commodity prices as well as the consolidation of results from Goodman Fielder, one of Wilmar’s subsidiaries acquired in 2019. Correspondingly, 2HFY2020 cost of sales was higher 25% y-o-y to US$24.80 billion, while FY2020 cost of sales increased 17.8% y-o-y to US$44.93 billion. Gross profit for 2HFY2020 grew 19.6% y-o-y and 24.8% y-o-y to US$3.07 billion and US$5.60 billion. Segmentally, Food Products saw 16% y-o-y growth in pre-tax profit to US$657.4 million in 2HFY2020 due to strong sales volume growth and better margins in the oil, flour and sugar businesses. The segment registered 18% y-o-y growth in overall profit to US$1.15 billion in FY2020 due to higher consumer product sales volume and recovery in volume for its medium pack and bulk products on China’s recovery in 2HFY2020.
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Previously, the group has segmented its business based on different agricultural commodities, mainly Tropical Oils, Oilseeds and Grains, Sugar and Others. 2HFY2020 earnings per share (EPS) stood at 14.5 US cents on a fully diluted basis, from EPS of 14.0 US cents.