Olam's Q1 earnings treble to S$113.6m
Boost comes from lower charge from bond buybacks; revenue up 10.2% at S$4.8b
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
OLAM International's earnings trebled in the first quarter, thanks to a lower charge from the buybacks of high-priced bonds compared to last year.
The agri-commodities group made a net profit of S$113.6 million for the three months ended March 31, up from S$36.3 million. An increase in sales volume across all segments boosted revenue by 10.2 per cent to S$4.8 billion.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
