30.08.2011 - Olam profit rises 38pct on higher demand for commodities
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
Print