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Olam's Q1 earnings treble to S$113.6m

Boost comes from lower charge from bond buybacks; revenue up 10.2% at S$4.8b

Singapore

OLAM International's earnings trebled in the first quarter, thanks to a lower charge from the buybacks of high-priced bonds compared to last year.

The agri-commodities group made a net profit of S$113.6 million for the three months ended March 31, up from S$36.3 million.