On Oct 28, the company reported record earnings of US$766.2 million ($1.07 billion) for 3QFY2022 ended September, up 34.7% y-o-y from US$576.4 million a year earlier. Revenue in the same period was up 10.2% y-o-y to US$18.88 billion. For the nine months ended Sept 30, earnings increased 46.3% y-o-y to US$1.93 billion; revenue was up 17.9% y-o-y to US$55 billion. Wilmar attributes the better numbers to all-rounded improvements in its various business segments.
Kuok Khoon Hong, chairman and CEO of Wilmar International, has seen his stake in his company rise this month. The most recent increase was on Nov 8 when HPRY Holdings acquired one million shares on the open market at $3.94 each. HP is one of the several entities which Kuok uses to hold Wilmar shares he owns.
Together with his direct holdings, Kuok now has a total stake of around 810.7 million shares or 12.99% in the company. On Nov 1, 2 and 3, Kuok acquired a total of 1.17 million shares at $3.88 each. On Nov 4, he acquired 478,400 shares at $3.95 each while on Nov 7, he acquired 226,400 shares at $3.94 each.
