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Olam reports 17.5% rise in 3Q earnings to $24.1 mil on better performance across most segments

PC Lee
PC Lee11/15/2017 7:37 AM GMT+08  • 2 min read
Olam reports 17.5% rise in 3Q earnings to $24.1 mil on better performance across most segments
SINGAPORE (Nov 15): Olam International reported a 17.5% rise in 3Q earnings to $24.1 million from $20.5 million a year ago, which came on the back of strong volume growth and improved operational performance across most segments.
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SINGAPORE (Nov 15): Olam International reported a 17.5% rise in 3Q earnings to $24.1 million from $20.5 million a year ago, which came on the back of strong volume growth and improved operational performance across most segments.

This brings 9M17 earnings to $315.6 million, up 26.7% from last year.

Revenue for the three months to Sept grew 41.7% to $6.7 billion from $4.7 billion a year ago while sales volume grew 54.3% to 5.8 million MT from 3.8 million MT.

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