Trade WH GROUP - 0288 CFD

About WH Group Ltd

WH GROUP LIMITED is a Hong Kong-based investment holding company principally engaged in pork businesses. The Company operates its businesses through four segments. Packaged Meats segment is engaged in the production, wholesales and retailing of low temperature and high temperature meat products. Fresh Pork segment is engaged in the production, wholesales and retailing of fresh and frozen meat. Hog Production segment is engaged in hog farming. Others segment is engaged in the slaughtering and sales of poultry and the provision of ancillary products and services, such as the provision of logistics services, as well as the sales of flavoring ingredients, packaging materials and imported meat products, among others.

Financial summary

BRIEF: For the six months ended 30 June 2021, WH Group Ltd revenues increased 7% to $13.33B. Net income increased from $317M to $652M. Revenues reflect Packaged Meats segment increase of 11% to $6.46B, Others and Corporate segment increase of 43% to $728M, United States segment increase of 8% to $6.61B, Europe segment increase of 11% to $1.28B. Net income benefited from Packaged Meats segment income increase of 18% to $816M.