Home Capital Results

Olam reports 34.5% drop in 2Q earnings to $61.5 mil on higher costs, exceptional losses

PC Lee
PC Lee8/14/2019 08:17 AM GMT+08  • 2 min read
Olam reports 34.5% drop in 2Q earnings to $61.5 mil on higher costs, exceptional losses
SINGAPORE (Aug 14): Olam International reported 2Q19 earnings of $61.5 million, or 1.49 cents per share, down 34.5% from a year ago.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Aug 14): Olam International reported 2Q19 earnings of $61.5 million, or 1.49 cents per share, down 34.5% from a year ago.

The weaker bottomline came on the back of higher cost of goods sold, depreciation and finance costs and exceptional losses.

Revenue for 2Q19 from goods and services rose 15.7% to $8.6 billion while other income rose 22.6% to $8.5 million but cost of goods rose 19% to $7.9 billion.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now