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Olam Q2 earnings up 20% on smaller fair value loss

Net profit jumps to S$114.9m from S$95.8m for year-ago period

Published Fri, Aug 12, 2016 · 09:50 PM

Singapore

EARNINGS for Olam International rose 20 per cent for the second quarter, thanks to a smaller loss from changes in fair value of biological assets this year.

Net profit jumped to S$114.9 million from S$95.8 million for the year-ago period, the agri-commodity group said in a Singapore Exchange filing on Friday morning.

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