Olam back in the black with S$102m net in absence of exceptionals (Amended)

Singapore

IMPROVED operational performance and the absence of exceptional losses brought Olam International back into the black in the fourth quarter of 2016.

The agri-commodity group made a net profit of S$102.2 million for the three months ended Dec 31, a reversal from its loss of US$269.5 million a year earlier.