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1H Result as at 30 Jun 2020
Rev USD22b (vs 20b)
GP USD2.0b (vs 1.9b)
NP USD0.6b (vs 0.4b)
Div SGD4cts (vs 3cts)
The Group has produced a resilient set of results for 1H2020 amidst the COVID-19 pandemic. Both our Food Products and Feed and Industrial Products segments did well in 1H2020, on the back of strong recovery in 2Q2020, and are expected to continue to perform well for the rest of the year. The recent increase in palm prices will also contribute favourably to our plantation business. We are cautiously optimistic that our second half performance will be satisfactory.
Our Chinese subsidiary, Yihai Kerry Arawana Holdings Co., Ltd, has obtained listing clearance from the Shenzhen Stock Exchange (“SZSE”) ChiNext Board Listing Committee (the “Committee”) and has submitted the updated prospectus to the China Securities Regulatory Commission (“CSRC”) for final registration approval for listing on SZSE ChiNext Board. We would like to emphasize that although listing clearance from the Committee has been obtained, there is no certainty or assurance as at the date of this announcement that the listing proposal will be carried out as it is still subject to CSRC approval and market conditions.
Stay home and stay healthy, valuebuddies.
Rev USD22b (vs 20b)
GP USD2.0b (vs 1.9b)
NP USD0.6b (vs 0.4b)
Div SGD4cts (vs 3cts)
The Group has produced a resilient set of results for 1H2020 amidst the COVID-19 pandemic. Both our Food Products and Feed and Industrial Products segments did well in 1H2020, on the back of strong recovery in 2Q2020, and are expected to continue to perform well for the rest of the year. The recent increase in palm prices will also contribute favourably to our plantation business. We are cautiously optimistic that our second half performance will be satisfactory.
Our Chinese subsidiary, Yihai Kerry Arawana Holdings Co., Ltd, has obtained listing clearance from the Shenzhen Stock Exchange (“SZSE”) ChiNext Board Listing Committee (the “Committee”) and has submitted the updated prospectus to the China Securities Regulatory Commission (“CSRC”) for final registration approval for listing on SZSE ChiNext Board. We would like to emphasize that although listing clearance from the Committee has been obtained, there is no certainty or assurance as at the date of this announcement that the listing proposal will be carried out as it is still subject to CSRC approval and market conditions.
Stay home and stay healthy, valuebuddies.