22 February 2013

Singapore Shares Market Daily Update - 22 Feb 2013


WILMAR POSTS EARNINGS OF US$477 MILLION FOR 4Q2012, DOWN 5%

- 4Q2012 core earnings from operations up 52% to US$401 million
- Satisfactory quarter with higher contribution from most key segments
- Oilseeds and Grains posted another profitable quarter
- Strong volume and profit growth in Palm & Laurics and Sugar



YANGZIJIANG REPORTS EARNINGS OF RMB3.6 BILLION FOR FY 2012

  • Revenue of RMB14.8 billion buoyed by contribution from investment segment and ship demolishing business
  • Preserved gross profit margin at 31% despite industry downturn
  • Proposed final cash dividend of 5.0 Singapore cents, translating into a dividend payout ratio of 27%



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