Olam's Q3 profit falls 30%

Singapore

OLAM International's third quarter net profit fell 30 per cent to S$31 million, even as revenue inched up, due largely to the absence of a one-time gain registered in the same period last year.

Operational profit after tax and minority interest (Patmi), which excludes exceptional items, grew 6.2 per cent year-on-year to S$34.2 million, the agri-commodity firm said.