FINANCIAL HIGHLIGHTS
Revenue | 1Q2017 | 1Q2016 | Change |
US$'000 | US$'000 | ||
10,569,989 | 9,002,657 | 17.4% | |
Net Profit | 361,558 | 239,403 | 51.0% |
Core Net Profit | 312,555 | 222,434 | 40.5% |
EBITDA | 691,052 | 559,026 | 23.6% |
EPS - Basic (US cents per share) | 5.7 | 3.8 | 50.0% |
EPS - Fully diluted (US cents per share) | 5.7 | 3.8 | 50.0% |
Net Tangible Asset (US$'000) | 31.03.2017 | 31.12.2016 | Change |
10,661,314 | 10,068,798 | 5.9% | |
Net Asset per share (US$ per share) | 2.38 | 2.29 | 3.9% |
Net Tangible Asset per share (US$ per share) | 1.69 | 1.59 | 6.3% |
1(a)(i) Consolidated Income Statement
Group | |||
Three months ended | |||
31.03.2017 US$'000 | 31.03.2016 US$'000 | Change | |
Revenue Cost of sales | 10,569,989 (9,621,261) | 9,002,657 (8,039,642) | 17.4% -19.7% |
Gross profit | 948,728 | 963,015 | -1.5% |
Other items of income | |||
Finance income | 52,497 | 57,410 | -8.6% |
Other operating income | 88,838 | 58,549 | 51.7% |
Other items of expense | |||
Selling and distribution expenses | (444,606) | (481,087) | 7.6% |
Administrative expenses | (170,708) | (176,103) | 3.1% |
Other operating expenses | (11,976) | (37,663) | 68.2% |
Finance costs | (90,814) | (95,483) | 4.9% |
Non-operating items | 53,309 | 19,888 | 168.0% |
Share of results of joint ventures | (562) | (1,902) | 70.5% |
Share of results of associates | 42,512 | 14,654 | 190.1% |
Profit before tax | 467,218 | 321,278 | 45.4% |
Income tax expense | (84,284) | (59,120) | -42.6% |
Profit after tax | 382,934 | 262,158 | 46.1% |
Owners of the Company | 361,558 | 239,403 | 51.0% |
Non-controlling interests | 21,376 | 22,755 | -6.1% |
382,934 | 262,158 | 46.1% |
1(a)(ii) Consolidated Statement of Comprehensive Income
Group | |||
Three months ended | |||
31.03.2017 US$'000 | 31.03.2016 US$'000 | Inc/(Dec) US$'000 | |
Profit after tax | 382,934 | 262,158 | 120,776 |
Other comprehensive income | 97,566 | 143,805 | (46,239) |
- Items that may be reclassified subsequently to income | |||
statement | |||
Foreign currency translation | |||
Fair value adjustment on cash flow hedges | 132,334 | (83,073) | 215,407 |
Fair value adjustment on available-for-sale financial assets | 3,635 | 23,722 | (20,087) |
Total other comprehensive income, net of tax | 233,535 | 84,454 | 149,081 |
Total comprehensive income | 616,469 | 346,612 | 269,857 |
Owners of the Company | 591,185 | 315,293 | 275,892 |
Non-controlling interests | 25,284 | 31,319 | (6,035) |
616,469 | 346,612 | 269,857 |
1(b)(i) Balance Sheets
Group | Company | |||
31.03.2017 | 31.12.2016 | 31.03.2017 | 31.12.2016 | |
US$'000 | US$'000 | US$'000 | US$'000 | |
ASSETS | 8,359,245 | 8,297,098 | 2,189 | 2,389 |
Non-current assets | ||||
Property, plant and equipment | ||||
Bearer plants | 723,873 | 726,725 | - | - |
Intangible assets | 4,376,962 | 4,365,736 | - | - |
Investment in subsidiaries | - | - | 9,072,017 | 9,072,026 |
Investment in joint ventures | 933,749 | 940,287 | 205,886 | 205,886 |
Investment in associates | 2,020,182 | 1,963,123 | 40,444 | 40,444 |
Available-for-sale financial assets | 716,016 | 700,705 | - | - |
Deferred tax assets | 301,902 | 312,403 | - | - |
Derivative financial instruments | 13,611 | 32,633 | - | - |
Other financial receivables | 203,595 | 205,832 | 397,908 | 399,634 |
Other non-financial assets | 38,975 | 52,262 | - | - |
Current assets | 17,688,110 | 17,596,804 | 9,718,444 | 9,720,379 |
6,946,811 | 7,022,310 | - | - | |
Inventories | ||||
Trade receivables | 3,774,267 | 4,087,069 | - | - |
Other financial receivables | 2,390,507 | 2,354,502 | 3,389,407 | 3,399,383 |
Other non-financial assets | 1,317,135 | 1,201,458 | 4,158 | 342 |
Derivative financial instruments | 795,757 | 546,885 | - | - |
Financial assets held for trading | 363,720 | 316,632 | - | - |
Other bank deposits | 2,143,386 | 2,721,885 | - | - |
Cash and bank balances | 1,935,586 | 1,184,881 | 17,329 | 4,057 |
TOTAL ASSETS | 19,667,169 | 19,435,622 | 3,410,894 | 3,403,782 |
37,355,279 | 37,032,426 | 13,129,338 | 13,124,161 |
Wilmar International Limited published this content on 11 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 May 2017 10:11:23 UTC.
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