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Olam swings back to profitability in 4Q on better operational performance

PC Lee
PC Lee2/28/2017 08:02 AM GMT+08  • 2 min read
Olam swings back to profitability in 4Q on better operational performance
SINGAPORE (Feb 28): Olam International reported 4Q earnings of $102.2 million, compared to a loss of $269.4 million last year on improved operational performance and lower exceptional losses.
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SINGAPORE (Feb 28): Olam International reported 4Q earnings of $102.2 million, compared to a loss of $269.4 million last year on improved operational performance and lower exceptional losses.

Operational PATMI, which excludes exceptional items, more than doubled to $102.3 million.

EBITDA rose 34.4% to $349.0 million on the back of a strong performance from Confectionery & Beverage Ingredients and Food Staples & Packaged Foods, which offset declines in other business segments.

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