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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Olam profit rises 38pct on higher demand for commodities

Posted on 30 August 2011

Olam International Ltd., a commodities supplier partly owned by Singapore’s Temasek Holdings Pte, reported a 38 percent gain in fourth-quarter profit as trading volumes increased.
Net income climbed to S$127.4 million ($106 million) in the three months ended June 30 from S$92.3 million a year ago, Singapore-based Olam said today in a statement. Excluding one- time gains, profit grew 4.9 percent to S$106 million. Sales increased 44 percent to S$4.52 billion as trading volumes across all four of Olam’s main business areas rose……………………………………….Full Article: Source


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