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Wilmar International Ltd (WLIL.SI)

WLIL.SI on Stock Exchange of Singapore

24 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Wilmar International Ltd says Martua Sitorus to step down as executive deputy chairman
Friday, 31 Mar 2017 05:21am EDT 

Wilmar International Ltd : Re-designation of executive deputy chairman to non-independent non-executive director . Martua Sitorus will step down from his position as executive deputy chairman and relinquish his role as executive director .Sitorus will continue to serve on Wilmar board as a director and will be re-designated as a non-independent non-executive director.  Full Article

Wilmar International posts 69.9 pct rise in quarterly net profit to $560.8 mln
Monday, 20 Feb 2017 04:49am EST 

Wilmar International Ltd : Qtrly revenue $11.95 billion versus $9.43 billion . Proposed a final tax exempt (one-tier) dividend of S$0.040 per share . Qtrly net profit $560.8 million, up 69.9 percent . Performance in 2017 is expected to be satisfactory ."Recent lifting of restrictions in China on oilseeds and grains processing on foreign companies is expected to benefit our operations".  Full Article

Wilmar International says Competition Commission of South Africa raided Co's unit
Thursday, 8 Dec 2016 08:09am EST 

Wilmar International Limited : Competition commission raids manufacturers of margarine edible oils and baking fats in south africa . "cannot comment further on any matters which are part of ongoing investigation" . confirms that a search and seizure operation was conducted at premises of its south african subsidiary, wilmar continental edible oils and fats (pty) ltd . refers to statement issued by competition commission of south africa on raids it conducted against several cos .search and seizure operation as part of an industry-wide investigation by competition commission.  Full Article

Wilmar international says unit acquires 44.99 pct stake in Vietnam Agribusiness
Wednesday, 30 Nov 2016 04:18am EST 

Wilmar International Ltd : Unit has acquired a 44.99% interest in enlarged issued share capital of Vietnam Agribusiness Holdings for a total consideration of US$25.5 million .YKI has increased interest in Yihai Jiamusi from 10% to 13% by acquiring 3% equity interest from China Hualiang Logistics Group Jiamusi.  Full Article

Wilmar International and Raizen Energia to form joint venture
Tuesday, 4 Oct 2016 05:08am EDT 

Wilmar International Ltd :Raízen Energia S.A. and Wilmar International announce creation of a new joint venture called Raízen And Wilmar Sugar Pte..  Full Article

Wilmar International Ltd and ADM receive approvals for Olenex joint venture
Friday, 23 Sep 2016 08:31am EDT 

Wilmar International Ltd : Archer Daniels Midland Company and Wilmar International announced that they received all required competition approvals for their agreement . Companies anticipate formally launching new venture in coming weeks .Agreement stipulates that refined oils and fats from ADM's other plants in Czech Republic, Germany, Netherlands, Poland and U.K. Be marketed by Olenex.  Full Article

Wilmar International posts quarterly net loss of $220.1 mln
Thursday, 11 Aug 2016 05:20am EDT 

Wilmar International Ltd : Second quarter and/ or half yearly results) . Qtrly revenue $9.37 billion versus $9.28 billion a year ago . Qtrly net loss $220.1 million versus profit of $193.2 million a year ago . Group's integrated agribusiness model remains intact and resilient . Barring unforeseen circumstances, the group's performance for the rest of the year is expected to be satisfactory . Recent developments in joint ventures in Vietnam and India strengthen the long term prospects in these countries . The company's interim tax exempt (one-tier) dividend of s$0.025 per ordinary share for the financial year ending 31 December 2016 .  Full Article

Wilmar International announces forecast for second quarter, half year
Tuesday, 19 Jul 2016 05:28am EDT 

Wilmar International Ltd : Sugar losses for 2q2016 are expected to be greater than 2q2015 . Wilmar International Limited (profit guidance) . 2q2016 losses were largely attributed to the manufacturing sub-segment within oilseeds and grains and partially to the sugar segment . Group is expected to report net losses of approximately us$230 million for second quarter . Dry weather in Australia in early part of year is expected to reduce volume of cane crushed in fy2016 as compared to fy2015 . Barring unforeseen circumstances, operating environment for the group for rest of the year is expected to normalize . Group is still expected to be profitable in H1, although profit is expected to be "significantly lower" .  Full Article

Bunge, Wilmar to form joint venture in Vietnam
Tuesday, 5 Jul 2016 08:00am EDT 

Bunge Ltd : Bunge and wilmar to form joint venture in vietnam . Bunge will sell 45% of its equity in its vietnam crush operations to wilmar .Deal creates three-party jv with bunge and wilmar as equal 45% shareholders and quang dung retaining its existing 10% stake in operations.  Full Article

Wilmar International posts qtrly net profit of $239.4 mln
Tuesday, 10 May 2016 05:49am EDT 

Wilmar International Ltd : Qtrly revenue $9.00 billion versus $ 9.41 billion a year ago . "Expect the recent improvements in cpo prices to benefit our Plantation business" . Qtrly net profit $239.4 million versus $232.0 million a year ago . Recent volatility in sugar prices will also have an effect on our sugar operations . Says no dividend has been declared for the quarter ended 31 March 2016 . Operating conditions in the second quarter are expected to be challenging ."Crush margins are expected to come under pressure as a result of excessive soybean arrivals into China".  Full Article

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Palm oil giant denies covering up labor abuses in Indonesia

JAKARTA (Thomson Reuters Foundation) - Palm oil giant Wilmar on Tuesday denied accusations by a rights group that it had intimidated workers in an attempt to cover up a string of labor abuses from child labor to low wages on its Indonesian plantations.