Between Nov 22 and 28, Wilmar International : F34 +0.65% chairman and CEO Kuok Khoon Hong increased his deemed interest in the global agri-business by 4,306,300 shares.

 

This increased his total interest from 14.22 per cent to 14.29 per cent. The shares were acquired between S$3.08 and S$3.04 per share over the five sessions.

 

Kuok has been gradually increasing his total interest in Wilmar from 12.94 per cent in October 2022.

Between Nov 13 and Nov 20, Wilmar International chairman and CEO Kuok Khoon Hong increased his deemed interest in the global agri-business by 3,279,500 shares. 

 

This increased his total interest from 14.16 per cent to 14.22 per cent. HPRY Holdings, Longhlin Asia, Hong Lee and Jaygar each acquired 819,875 shares at an average price of S$3.08 apiece. Since October 2022, Kuok has been gradually increasing his total interest in Wilmar International from 12.94 per cent.

 

On Oct 30, Wilmar International reported that its core net profit for Q3 FY2024 (ended Sep 30) fell to US$208.1 million, from US$323.6 million in Q3 FY2023. Despite better-than-expected performance in tropical oils, oleochemicals, shipping and crushing, weaker contributions from its China operations and sugar division affected the group&rsquo s results.

 

Including joint ventures, associates and non-operating gains from investment securities, the overall net profit was US$254.4 million, down from US$313.9 million in Q3 FY2023.

 

The group said it was cautiously optimistic about a satisfactory performance for the rest of the year, with expected improvements in palm production and refining margins for tropical oils. Meanwhile, soybean crushing margins are anticipated to remain positive.