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Hot stock: Wilmar hits 3-month high after posting 55.1% jump in H1 profit

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Vivienne Tay

Vivienne Tay

Published Fri, Aug 5, 2022 · 03:52 PM
    • The rise in net profit came on the back of improved performance across all key business segments and higher contributions from associates and joint ventures.
    • The rise in net profit came on the back of improved performance across all key business segments and higher contributions from associates and joint ventures. PHOTO: BT FILE

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    SHARES of Wilmar International reached a 3-month high on Friday (Aug 5) after the agribusiness group reported a 55.1 per cent rise in net profit for the first half ended June.

    Its board also proposed an interim dividend of S$0.06 per share for H1 2022 – its highest interim dividend since listing.

    The counter reached a high of S$4.31 on Friday afternoon, up 4.4 per cent or S$0.18 as at 2.40 pm. The last time the counter closed near this level was May 6. By 3.36 pm, around 13.7 million shares changed hands.

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