Source: Wilmar International 2019 annual report
Since a fall in Wilmar’s share price due to the COVID crisis, it has rebounded by more than 30% from its March low to $3.82 today (as at 19 June 2020). I was curious whether COVID-19 had an impact on Wilmar’s business since it operates in the essential agri-business industry. Hence, I tuned in to Wilmar’s virtual AGM to find out more and how the company performed in FY2019. So here are eight things I learned from Wilmar’s 2020 AGM: 1. Wilmar’s revenue decreased by 4.2% to US$42.6 billion. ...Wilmar International is an integrated agribusiness company with business activities in oil palm cultivation, oil seed crushing, edible oils refining, sugar milling, manufacturing of consumer products, as well as flour and rice milling.
Wilmar’s integrated agribusiness model encompasses the entire value chain of the agricultural commodity business including cultivating, processing, merchandising, and manufacturing a wide range of branded agricultural products.
