Olam's Q3 net profit down 8.6% on higher depreciation charges

Singapore

OLAM International's earnings slipped 8.6 per cent in the third quarter as higher depreciation and amortisation charges negated higher revenues.

The group recorded a net profit of S$20.5 million in the three months ended Sept 30, from a restated net profit of S$22.5 million the same period a year ago.