Olam's food ingredient business heads for UK, Singapore listings; H1 profit up 27% to S$421m

Singapore

AGRI-FOOD giant Olam International on Friday announced that Olam Food Ingredients (OFI) is targeting a primary listing on the premium segment of the London Stock Exchange (LSE) and a concurrent listing on the Singapore Exchange (SGX).

The company also reported a net profit of S$421.5 million for the half-year ended June 30 - 26.7 per cent higher than the S$332.7 million a year ago.