Indonesia has been giving headache to Wilmar again. In May, they were accused of under invoicing as much as 50% by the government. Later Kalimantan faced with decreased rain fall in Kalimantan resulting in lower yield of palm oil. Kalimantan has 80% of Wilmar oil palm plantation. The short fall will benefit Indonesia palm oil competitor like Malaysia. However, revenue for 2026H1 was still good at US$38.6 billion and profit before tax was up 13% YOY amounting to US$1.06 billion.$Wilmar(F34.SG)$NVIDIA(NVDA.US)$Netflix(NFLX.US)
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