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

Tan Nai Lun
Uma Devi
Published Mon, Feb 28, 2022 · 09:50 PM

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).