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Olam changes fiscal year-end from June to December
OLAM International is changing its fiscal year-end from June 30 to December 31. This is to enable the company to comply with the group consolidation and reporting requirements of its majority shareholder.
With this change, the company's current fiscal year, which began on July 1, 2014, will end on December 31, 2015. After this, the company will follow a January-to-December fiscal year.
To facilitate comparison with previous years, Olam said that it would provide historical pro-forma financial information for the financial years ended December 31, 2014, 2013, 2012 and 2011. This will be done before June 30, 2015.
Olam's next annual general meeting will be held no later than April 30, 2016.