WILMAR

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07 Aug 2013 00:59 #15539 by ZEN
WILMAR was created by ZEN
Wilmar International, the world’s largest palm oil trader, said second-quarter profit rose 87% on increased sales volumes and after its oilseeds unit swung to a profit.

Net income was $218.5 million ($277.2 million) in the three months ended June 30, compared with US$117.1 million a year earlier, the Singapore-based company said today in a statement. That missed the US$286 million average estimate of three analysts surveyed by Bloomberg. Sales declined 5.4% to US$10.4 billion, driven by lower palm oil prices.

Wilmar’s palm processing and trading unit, its biggest, posted a 40% gain in pretax profit and a 10% increase in sales volume as it added refining capacity in Indonesia. The company buys more than 90% of the palm oil for its refineries from third parties.

Its oilseeds unit, which processes soybeans in meal and oil, posted a US$15.3 million profit before tax in the quarter compared with a $40 million loss a year earlier as margins remained positive.

Volumes rose 22% at its consumer products unit and 64% at its sugar unit, Wilmar said.

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07 Aug 2013 01:02 #15540 by ZEN
Replied by ZEN on topic WILMAR
the Group will benefit from lower raw material prices for its
downstream products

• Recent investments in the sugar business as well as expansion into
oleochemicals and specialty fats will have positive contributions for the Group

• The Group will be able to overcome the difficult conditions with the resilient
business model built over the years

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07 Aug 2013 01:04 #15541 by ZEN
Replied by ZEN on topic WILMAR
Better load up this gem before it shoots to $7 again

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07 Aug 2013 01:06 #15542 by ZEN
Replied by ZEN on topic WILMAR
Wilmar to supply fully traceable & segregated palm products
to Europe through JV

− the UK market alone consumes 550,000 MT of palm oil for food
purposes

− this initiative increases the total supply of sustainable palm oil for the U.K. food market to 350,000 tonnes per year, which amounts to more than 60% of the U.K.’s annual palm oil market for food applications

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12 Aug 2013 14:37 #15602 by ZEN
Replied by ZEN on topic WILMAR
stock going XD this week . Accumualte cheap

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13 Aug 2013 15:16 #15626 by ZEN
Replied by ZEN on topic WILMAR
CIMB currently has a OUTPERFORM RATING FOR WILMAR

Target : $3.74

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