Olam International

SINGAPORE (Mar 21): Wilmar International announced that its direct wholly-owned subsidiary, Wilmar Resources, has acquired a 50% equity interest in Nauvu Investments from Olam International for US$148 million ($194.9 million).

SINGAPORE (Feb 27): Olam reported 4Q earnings more than doubled to $265.1 million from a year ago on one-off gains from divestments as well as lower depreciation and amortisation, and net finance charges.

NEW YORK (Feb 6): Global commodities trader Olam International is building a cocoa powder manufacturing facility outside Chicago, according to a company spokesman and a local official.

SINGAPORE (Dec 18): Olam International is selling a 50% stake in its wholly-owned subsidiary, Far East Agri, for US$100 million ($135 million) to Mitr Phol Sugar Corporation, Asia’s largest and the world’s fourth largest sugar producer.

SINGAPORE (Nov 15): Olam International reported a 17.5% rise in 3Q earnings to $24.1 million from $20.5 million a year ago, which came on the back of strong volume growth and improved operational performance across most segments.

SINGAPORE (Oct 11): Shares in Olam International are hovering at a three-year high, rising 0.5% to $2.24 on Wednesday to bring the week's rise to 4.7%.

SINGAPORE (Sept 22): Olam International has sold 5,100 acres of its Edible Nuts farmland assets in California to US-listed REIT Farmland Partners Inc (FPI) for US$110 million ($148.2 million).

SINGAPORE (Sept 4): Singapore is well-positioned to serve integrated networks in the F&B manufacturing and processing industry, in addition to enabling capital formation through its stock market, according to Singapore Exchange (SGX) market strategist Geo

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.

SINGAPORE (May 17): DBS Vickers Securities is keeping its “hold” call on Olam International with a higher target price of $2.15 compared to $2.12 previously.