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Olam's Q1 earnings up 26.5% at S$143.8m

Sales revenue 21.9% higher and sales volumes up 50.5%; three of five segments achieve healthy growth

Anita Gabriel

Published Mon, May 15, 2017 · 09:50 PM

Singapore

COMMODITY trader Olam International reported a 26.5 per cent jump in first-quarter net profit to S$143.8 million from S$113.6 million a year ago led by a better showing in certain food segments.

Sales revenue for the three months to March improved 21.9 per cent to S$5.8 billion while sales volumes were up 50.5 per cent largely on opportunistic trading volumes in grains over the period, said Olam in its resul…