This brings the group’s FY2022 earnings to $629.1 million, 8.4% lower y-o-y. This time, the decline was attributed to the strong base seen in the FY2021.
Olam Group (SGX:VC2
) has reported earnings of $200.0 million for the 2HFY2022 ended Dec 31, 2022, 24.5% lower than earnings of $264.9 million in the corresponding period the year before.
The lower y-o-y earnings came as net finance costs doubled despite the higher y-o-y revenue.
