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Olam Q1 profit dips 2.9% to S$44.3m

Group stays 'cautiously optimistic' about full-year outlook

OLAM International's first-quarter net profit fell 2.9 per cent to S$44.3 million, as the company got caught out by drastic price movements in hazelnuts and the dairy business, and challenges in its upstream dairy business.

These could continue to affect the company for the next two...