Olam's 1Q earnings grow 6.9% to S$169 mil with improved operating performance

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SINGAPORE (May 14): Olam International has announced earnings of S$168.9 million for 1QFY19, rising 6.9% y-o-y from S$158 million due to improved operating performance, which was offset in part by increased depreciation and finance costs.

EBITDA grew 14.2% to S$420.3 million, on increased revenue contribution from Edible Nuts and Cocoa.

Sale of goods & services for the quarter grew 16.7% to S$7.3 billion, from S$6.3 billion previously.

In line with topline growth, cost of goods sold grew 16.3% to S$6.6 billion, from S$5.6 billion a year ago.

Other income fell 65% to S$10.5 million, from...(click on link for full story on theedgesingapore.com)