Wilmar International First Half 2023 Earnings: EPS: US$0.088 (vs US$0.18 in 1H 2022)

Wilmar International (SGX:F34) First Half 2023 Results

Key Financial Results

• Revenue: US$32.5b (down 10.0% from 1H 2022).
• Net income: US$550.9m (down 53% from 1H 2022).
• Profit margin: 1.7% (down from 3.2% in 1H 2022). The decrease in margin was driven by lower revenue.
• EPS: US$0.088 (down from US$0.18 in 1H 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wilmar International Earnings Insights

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Food industry in Singapore.

Performance of the Singaporean Food industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Wilmar International (1 is significant!) that you should be aware of before investing here.

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