The Business Times
business-time-50

Olam Q2 earnings up 20% on smaller fair value loss

Net profit jumps to S$114.9m from S$95.8m for year-ago period

google-preferred-sourceAdd BT as a preferred source
Published Fri, Aug 12, 2016 · 09:50 PM

    Singapore

    EARNINGS for Olam International rose 20 per cent for the second quarter, thanks to a smaller loss from changes in fair value of biological assets this year.

    Net profit jumped to S$114.9 million from S$95.8 million for the year-ago period, the agri-commodity group said in a Singapore Exchange filing on Friday morning.

    Olam

    TRENDING NOW

    Non-interest income is up 51% at S$1.91 billion, driven by broad-based growth across fee, trading and insurance income.

    OCBC Q2 profit rises 22% to S$2.22 billion, beating expectations

    Grant Wee built Hideaway as a massage-and-bathhouse concept centred on solitude and recovery.

    UOB CEO’s youngest child Grant Wee turns burnout into a wellness business

    Marina Square shopping mall is part of the Marina Square complex, which also includes three hotels.

    DP Architects, PSB Academy to exit Marina Square ahead of revamp

    The earnings slightly beat the S$1.45 billion consensus forecast in a Bloomberg survey of five analysts.

    UOB Q2 profit climbs 10% to S$1.48 billion, edging past estimates

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More