Wilmar posts record H2 net profit of US$1.1b, to pay record full-year dividend

AGRIBUSINESS giant Wilmar International Wilmar Intl: F34 -1.3% on Tuesday (Feb 22) posted a net profit of US$1.1 billion for the second half of the fiscal year ended December 2021, up 23.4 per cent from earnings of US$923.6 million for the corresponding year-ago period.

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This bumped up the group's earnings for the full FY2021 to US$1.9 billion, up 23.2 per cent from FY2020's earnings of US$1.5 billion. Profits for H2 and FY2021 were both record highs for the group since its listing, said Wilmar.