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Olam International reports 28.5% rise in 2Q17 earnings to $147.7 mil

PC Lee
PC Lee • 2 min read
Olam International reports 28.5% rise in 2Q17 earnings to $147.7 mil
SINGAPORE (Aug 14): Olam International reported a 28.5% rise in 2Q17 earnings to $147.7 million from a year ago, bringing 1H17 earnings 27.5% higher to $291.5 million.
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SINGAPORE (Aug 14): Olam International reported a 28.5% rise in 2Q17 earnings to $147.7 million from a year ago, bringing 1H17 earnings 27.5% higher to $291.5 million.

Revenue in 2Q17 grew 30.9% to US$6.5 billion, as sales volumes rose 28.6%. Revenue for 1H17 grew 26.5% to US$12.3 billion.

EBITDA in 2Q17 and 1H17 were up 18.4% and 19.1% to $373.7 million and $772.3 million respectively on growth across most business segments.

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