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Wilmar posts 23% Growth in Earnings to US$407M for 2Q2009 (14 Aug 09)
- Revenue: -27.0% (2Q09), -28.7% (1H09)
- Net Profit: +22.7% (2Q09), +16.6% (1H09)
- Press Release: Improved margins for Palm & Laurics and Consumer Products
- Stronger profit from Plantation & Palm Oil Mills
- EPS up 23% to 6.4 US cents
- Declared interim dividend of S$0.03 per share
- Fairly optimistic on current year’s prospects
- Submitted application for proposed listing of China operations
- Outlook: As the global economic environment improves gradually in the second quarter and given the Group's strength in its integrated and diversified business model, coupled with the relative resilience in the demand for staple food commodities, it remains fairly optimistic on its prospects for the current year.
FINANCIAL RECORDS
Revenue (USD '000)
FY 1Q 2Q 3Q 4Q Total
2009 4,958,145 5,712,262
2008 7,141,178 7,830,121 8,347,743 5,826,142 29,145,185
2007 1,976,422 2,988,520 5,000,683 6,500,526 16,466,151
2006 1,088,179 1,286,684 1,763,629 2,199,225 7,016,001
2005 NA NA 1,190,429 1,243,400 4,651,560
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Earnings (USD '000)
FY 1Q 2Q 3Q 4Q Total
2009 379,969 407,153
2008 343,045 331,732 482,617 373,597 1,530,990
2007 49,746 101,519 195,156 233,985 580,405
2006 15,676 16,315 71,030 43,924 215,940
2005 NA NA 20,597 14,406 58,048
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Dividends
FY Interim Final Special (SGD)
2009 0.030
2008 0.028 0.045 NA
2007 NA 0.026 NA
2006 NA 0.013 NA
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Bonus / Rights / Stock Split
Date Type Details
2006-07-17 Share Consolidation SHCONSO 10INTO1
2002-07-23 Capital Distribution CAP DIST SGD 0.0138
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Share Data (USD)
NAV = $1.571
EPS = $0.1233 (6M FY09)
Diluted EPS = $0.1232 (6M FY09)
No of Shares = 6,385,681,000
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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