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Olam posts H2 profit of S$264.9m on reorganisation-led turnaround

Tan Nai Lun
Uma Devi

Tan Nai Lun &

Uma Devi

Published Mon, Feb 28, 2022 · 09:50 PM
Olam International

Singapore

AGRI-FOOD giant Olam International 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).

OlamCommoditiesIPOAgriculture/Farming

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