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Wilmar reports 4.3% higher 2H20 earnings of US$923.6 mil on improved contribution across all core segments

Felicia Tan
Felicia Tan2/22/2021 6:9 PM GMT+08  • 5 min read
Wilmar reports 4.3% higher 2H20 earnings of US$923.6 mil on improved contribution across all core segments
The total dividend for FY2020 stands at 19.5 cents, the highest given out by the group since its listing.
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Wilmar International has reported earnings of US$923.6 million ($1.22 billion) for the 2HFY2020 ended December, 4.3% higher than the US$827.7 million reported in the corresponding period the year before.

This brings total earnings for the FY2020 to US$1.53 billion, up 18.6% from earnings of US$1.29 billion in FY2019.

According to the agribusiness group, the earnings growth was due to improved contribution except for Feed & Industrial Products for the 2HFY2020, and higher contribution across all segments for the FY2020.

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