|Bid||2.24 x 0|
|Ask||2.26 x 0|
|Day's range||2.12 - 2.26|
|52-week range||1.86 - 2.47|
|PE ratio (TTM)||17.64|
|Earnings date||27 Feb 2018|
|Forward dividend & yield||0.04 (2.83%)|
|1y target est||2.01|
It sold 5,100 acres of a Californian farmland. Olam International Limited (Olam) bagged $148.26m (US$110m) from the sale of its farmland assets in California. According to a press release, it completed ...
Sales volume grew 44.4% in nine months. Olam International reaps its harvest as its profits grew 17.5% YoY from $20.5m to $24.1m in Q3. According to its financial statement, revenue increased by 42.7% YoY to $6.71b, whilst gain in fair value of its biological assets widened dropped by 80.9% to $0.5m.
It also sold its 20% stake in Agrex Australia for US$8.8m. Olam International Limited's (Olam) wholly-owned subsidiary Queensland Cotton Corporation sold its 20% stake in Agrex Australia Pty Ltd (formerly ...
They are due 2022. Olam International Limited (Olam) has issued its 3.65% fixed rate notes worth US$50m. According to an announcement, they will be due 2022 via private placement. The agri-business group ...
It reaped good gains from its food business. It was a good harvest season for Olam International as it posted improvements in both revenue and profits in the past quarter ending in June. This is due to the improved operational performance across all four key segments, especially in the Food Category.
Olam International Limited reported an increase in net profit for the quarter ending in March, up 26.5% to $143.8m. According to the group, this was primarily due to improved operational performance, which offset higher depreciation and amortisation and finance costs resulting from strategic acquisitions and capital investments made in 2016. The group reported higher earnings before interest, tax, depreciation, and amortisation (EBITDA) at $398.6m, thanks to the healthy growth from edible nuts, spices & vegetable ingredients and food staples & packaged foods which offset lower contribution from the confectionery & beverage ingredients as well as industrial raw materials and logistics & infrastructure segments.
Olam International reported a net profit for the quarter ending in December, reversing its loss of $269.4m to a gain of $102m. Net finance costs came down from $121.3m to $112.0m on continued initiatives to optimise loan tenures and reduce borrowing costs. This helped to partly offset the increase in depreciation and amortisation on account of the acquisition of the Cocoa processing, wheat milling and peanut shelling assets.