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Olam Q1 earnings rise 5.7%; revenue down 7.9

Net gain from changes in valuation of biological assets falls 67.1% to $3.3m

Published Thu, Nov 14, 2013 · 10:00 PM

DESPITE a drop in both revenue and net gain from valuation of biological assets, first-quarter earnings for Olam International climbed 5.7 per cent.

The agri-commodities trader recorded net profit of $45.6 million, up from $43.2 million.

Revenue declined 7.9 per cent to $4.3 billion on lower commodity prices.

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