Wilmar International (SGX:F34) H1 2024 results

Key financial results

• Sales: $30.9 billion (4.9% less than in H1 2023).

• Net profit: $579.6 million (up 5.2% from H1 2023).

• Profit margin: 1.9% (compared to 1.7% in H1 2023). The increase in margin is due to lower expenses.

• Earnings per share: $0.093 (compared to $0.088 in H1 2023).

All figures shown in the graph above refer to the last 12 months (TTM)

Wilmar International Earnings Insights

An average sales growth of 4.8% per annum is expected for the next three years. In contrast, growth of 3.2% is forecast for the food industry in Singapore.

Performance of Singapore food industry.

The company’s shares rose 1.6% compared to the previous week.

Risk analysis

It is necessary to consider the ever-present specter of investment risk. We have identified 2 warning signs with Wilmar International (at least 1, which is a bit uncomfortable), and understanding these should be part of your investment process.

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