Olam posts H2 profit of S$264.9m on reorganisation-led turnaround
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Tan Nai Lun &
Uma Devi
AGRI-FOOD giant Olam International O 32 posted a net profit of S$264.9 million for its second half ended Dec 31, 2021, from a loss of S$87 million a year ago.
This was mainly due to higher operating profit, as well as lower exceptional losses recorded for the period, the company said in a bourse filing on Monday (Feb 28).
Revenue for H2 rose 29 per cent to S$24.2 billion, from S$18.7 billion a year ago.
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