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Olam's Q3 profit more than doubles on fair value gain

$396m earnings include $271m gain from PureCircle revaluation
Friday, May 16, 2014 - 06:00
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Carrying weight: Olam's sales volume grew 3.5 per cent to 4.02 million tonnes for the third quarter. - PHOTO: BLOOMBERG

BOOSTED by exceptional items, Olam International's earnings for the third quarter more than doubled to $396.1 million from $108.5 million. The results included an exceptional fair value gain of $271 million from the revaluation of its holding in PureCircle Ltd. Revenue inched up 2.5 per cent to

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