Olam posts 1.5% fall in 3Q earnings to $251 mil on lower operating revenue, higher finance costs

SINGAPORE (Nov 13): Olam International reported earnings of $20.4 million for 3Q19 ended September, a marginal 1.5% decline from earnings of $20.7 million a year ago.

The weaker bottomline was a result of a higher cost of goods sold, as well as higher net finance costs, depreciation and exceptional losses.