Singapore's Olam Group logs marginal rise in profit despite higher costs

Quick Summary:

Singapore's Olam Group on Wednesday (Aug 14) posted a slight increase in its first-half profit attributable, as improved performance at its division focusing on agricultural products and food ingredients was pressured by higher financing expenses.

It declared an interim dividend of 3 Singapore cents same as the year earlier.

An Olam signage is pictured in their office in Singapore Aug 14, 2017.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Attributable Singapore Higher Posted Agricultural Million Products Profit Commodity Olam Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 07:37:22 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 205 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22070758

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