SUBSCRIBERS
Olam Q2 earnings slide 36 per cent to S$94m
Down cycle in coffee, drought in peanut farms, lower contribution from edible oils took their toll on results
Add BT as a preferred sourcePublished Tue, Aug 14, 2018 · 09:50 PM
Singapore
COMMODITY trader Olam International has posted a net profit of S$93.9 million in the second quarter, down 36.4 per cent from the same period a year earlier on weaker earnings from coffee, peanuts and edible oils.
Revenue climbed 13.9 per cent to S$7.4 billion, supported by a 48.3 per cent rise in sales volume, led by the food staples and packaged foods segment.
Copyright SPH Media. All rights reserved.
