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Olam's Q3 net profit down 8.6% on higher depreciation charges
Revenue up 6% with rise in volumes traded offset by lower prices in some commodities
Add BT as a preferred sourcePublished Mon, Nov 14, 2016 · 09:50 PM
Singapore
OLAM International's earnings slipped 8.6 per cent in the third quarter as higher depreciation and amortisation charges negated higher revenues.
The group recorded a net profit of S$20.5 million in the three months ended Sept 30, from a restated net profit of S$22.5 million the same period a year ago.
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