Wilmar International Ltd (SGX: F34) share price opened 1.7% higher on Friday (30 April 2021)
This comes after the food producer saw net profit double year-on-year to US$450 million in the first quarter of 2021
The group is ‘cautiously optimistic’ that it will ‘perform satisfactorily’ for the rest of the year
Analysts see a 14% upside on the blue-chip stock in the next 12 months
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Wilmar share price: what’s the latest?
Wilmar International shares opened 1.7% higher at S$5.39 on Friday (30 April 2021), after posting its first quarter 2021 results.
The food producer recorded its highest first quarter results since listing, as net profit doubled year-on-year to US$450.2 million, up from US$224.1 million in Q1 2020.