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Currency devaluation hits Olam's Q4

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SHARES for Olam International fell 1.5 per cent, or 3 cents, to S$2 on Friday, after the firm said broad-based currency devaluation dragged down its earnings by 12 per cent in the fourth quarter.

Singapore

SHARES for Olam International fell 1.5 per cent, or 3 cents, to S$2 on Friday, after the firm said broad-based currency devaluation dragged down its earnings by 12 per cent in the fourth quarter.

Net profit for the quarter ended Dec 31 fell to S$118.7 million from S$134.9

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