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2026-08-28 17:04:29 WH GROUP (00288.HK) announced its interim results for the six months ended June 2026. Before biological fair value adjustments, revenue amounted to USD13.827 billion, up 3.3% YoY. Net profit before biological fair value adjustments was USD773 million, up 6.6% YoY, with basic EPS of US6.02 cents. Interim dividend was maintained at HKD0.2 per share, flat YoY. After biological fair value adjustments, net profit was USD770 million, down 2.3% YoY. During the period, packaged meat sales volume rose 4.9% to 1.522 million metric tons. Sales volume in the China market increased 9.1%, while North America sales volume fell 0.9%. Europe benefited from the acquisition of German premium sausage producer Wolf Group, with sales volume growing 9.7%. Pork sales volume increased 6.1% to 2.079 million metric tons, while total hog slaughter volume rose 9.2% to 25.852 million heads. WH GROUP completed the acquisition of Wolf Group during the period and also announced the acquisition of US beef hot dog brand Nathan's Famous, with the transaction expected to be completed in 2H26. In addition, the group closed its packaged meat processing plant in Springfield, Massachusetts during the period, recognizing an exit cost of USD6 million. (gc/a)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |