Olam's Q2 profit up 29% at S$147.7m on stronger sales

Singapore

STRONGER sales volume in most business segments, especially for grains and edible oils, gave a fillip to Olam International's results in its second quarter.

Net profit jumped 29 per cent to S$147.7 million from the year-ago period, the group said in a Singapore Exchange filing on Monday morning.

For the three months ended June 30, revenue climbed 31 per cent to S$6.52 billion from the previous year.

The increase in revenue was due to a jump in trading volume to 4.45 billion tonnes, as all segments…