Olam International

Commerce

Sheng Siong wins again; CAO and Olam have highest returns and profit growth respectively

SINGAPORE (Sept 16): Supermarket chain Sheng Siong Group is the overall winner in the commerce sector for the second year running. The company’s return on equity (ROE) of 25.68% made it the leader in this category as well.  

Commodities

Asia's chocolate bonanza sparks quest for locally grown beans

(Aug 22): Asia's cocoa industry is scouring for ways to boost local bean supplies as the region's chocoholics munch through more candy than ever.

Results

Olam says trade war helped sales to surge

(Aug 15): In a world where many global trading houses have taken a hit from the US-China trade war, a giant food trader in Singapore says the spat has been a boon for them -- at least in grains.

Results

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.

Sector Focus

Olam announces third palm plantation to achieve RSPO certification

SINGAPORE (May 2): Olam International says its Mouila Lot 3 palm plantation in Gabon has become Roundtable on Sustainable Palm Oil (RSPO) certified.

In print this week

The palm oil complex

Consumers and investors in Europe want the palm oil industry to be sustainable. It comes with a cost that is likely to be paid by the oil’s biggest market — Asia. In this first of a two-parter on the industry, we look at the complexities of certificat

M&A

Olam offers to buy Nigeria's Dangote Flour amid focus shift

(Apr 24): Olam International made a cash bid to buy Dangote Flour Mills Plc of Nigeria as the Singapore-based agriculture trader looks to expand in West Africa as part of a rejig of its portfolio.

Results

Olam 4Q and FY18 earnings fall on absence of exceptional gain, lower PATMI

SINGAPORE (Feb 28): Olam International reported 4Q18 earnings of $75.3 million, down 71.6% from a year ago due to a large exceptional gain of $155.4 million recorded in 4Q17.

M&A

Olam acquires 85% stake in BT Cocoa, Indonesia’s largest cocoa processor, for $121 mil

SINGAPORE (Feb 26): Olam International, the global food and agri-business, is acquiring Indonesia’s largest cocoa processor, BT Cocoa.
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