Olam's Q2 profit up 29% at S$147.7m on stronger sales
Revenue climbs 31% to S$6.52b; CEO expects "fairly strong" recovery in palm oil production
Singapore
STRONGER sales volume in most business segments, especially for grains and edible oils, gave a fillip to Olam International's results in its second quarter.
Net profit jumped 29 per cent to S$147.7 million from the year-ago period, the group said in a Singapore Exchange filing on Monday morning.
For the three months ended June 30, revenue climbed 31 per cent to S$6.52 billion from the previous year.
The increase in revenue was due to a jump in trading volume to 4.45 billion tonnes, as all segments…
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