Leading food and agri-business Olam International has posted earnings of $332.7 million for the 1H20 ended June, a 44.4% growth from the earnings of $230.4 million a year ago. The increase is due to a net exceptional gain of $130.6 million from the divestments of the remaining 50% stake in Far East Agri and the partial stake sale of ARISE P&L.

The growth in earnings translates to earnings per share (EPS) of 9.43 cents on a fully diluted basis.

This is the first time the group is reporting its results against its newly formed operating groups, namely Olam Food Ingredients (OFI), Olam Global Agri (OGA), and Olam International Limited (OIL) since the formation of its re-organisation plan announced in January.

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