You are here

Olam's Q3 profit more than doubles on fair value gain

$396m earnings include $271m gain from PureCircle revaluation

BT_20140516_ASOLAM16_1090433.jpg
Carrying weight: Olam's sales volume grew 3.5 per cent to 4.02 million tonnes for the third quarter. - PHOTO: BLOOMBERG

BOOSTED by exceptional items, Olam International's earnings for the third quarter more than doubled to $396.1 million from $108.5 million. The results included an exceptional fair value gain of $271 million from the revaluation of its holding in PureCircle Ltd.

Revenue inched up 2.5 per...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes