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Olam's shares rise as earnings beat forecast

Q2 net profit down 12.5% at $134.9m , but Patmi falls by smaller 5.2% to $129m

Published Fri, Feb 14, 2014 · 10:00 PM

Singapore

OLAM International's shares rose 2.6 per cent to $1.58 yesterday, after its second-quarter earnings released in the morning came in ahead of estimates.

And in a sign that the firm's new three-year strategy is going according to plan, cashflow metrics have improved, while capital expenditure has moderated.

Net profit for…

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