Friday, August 29, 2014

Olam 4Q net profit drops 43.9% to $31.8 mil

Commodities trader Olam International said on Friday its net profit for the quarter ended June fell 43.9% to $31.8 million.

Full-year net profit jumped 67.8% to $608.5 million on off-off gains, beating an average forecast for the period of $400.35 million based on forecasts from 15 analysts, according to Thomson Reuters data.

Olam recommended a cash dividend of 5 cents per share for the year, as well as a special dividend of 2.5 cents per share.


 

No comments:

Post a Comment