SUBSCRIBERS
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Macquarie sees biggest profit dip in 15 years on commodities downturn
HSBC appoints ex-Citi banker as new Singapore head of global banking
H2G Green chief to stand trial on Aug 5 amid MOM probe
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Microsoft adds security chiefs to product groups in wake of hacking woes
Singapore shares climb at Friday’s open; STI up 0.2%