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Olam's Q3 profit falls 30%

Absence of one-time gain pulls down profit despite rise in revenue

Olam International's Storage and Distribution van (left) and warehouse (right).


OLAM International's third quarter net profit fell 30 per cent to S$31 million, even as revenue inched up, due largely to the absence of a one-time gain registered in the same period last year.

Operational profit after tax and minority interest (Patmi), which excludes