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Olam International back to black with earnings of $264.9 mil in 2HFY2021; declares second interim dividend of 4.5 cents

Felicia Tan
Felicia Tan2/28/2022 08:02 AM GMT+08  • 4 min read
Olam International back to black with earnings of $264.9 mil in 2HFY2021; declares second interim dividend of 4.5 cents
OFI will also aim to list in 2Q2022, with a concurrent primary listing in London and a secondary listing in Singapore.
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OIam International has swung to profitability in the 2HFY2021 ended December with earnings of $264.9 million, compared to a loss of $87.0 million in the corresponding period the year before.

The higher earnings were due to improved operating profit and lower exceptional losses, says the group in its statement on Feb 28.

Earnings for the FY2021 surged 179.4% y-o-y to $686.4 million, from FY2020’s earnings of $245.7 million, making it a record high for the group.

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