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Olam posts 1.5% dip in Q3 net profit to S$20.4m
This was due to higher net finance cost, depreciation and amortisation arising from a new accounting standard
Add BT as a preferred sourceClaudia Tan HS
Published Wed, Nov 13, 2019 · 09:50 PM
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Singapore
AGRI and food giant Olam International's net profit fell marginally by 1.5 per cent to S$20.4 million for the third quarter ended Sept 30, from S$20.7 million a year ago.
This was due to higher net finance cost, depreciation and amortisation arising from the adoption of the new accounting standard SFRS(I) 16 with effect from Jan 1.
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