OLAM INTERNATIONAL LIMITED
Sector: Consumer Non-Durables, Industry: Food: Major Diversified
Recent Earning Release - 28 Feb 2019
Recent Meeting - 24 Apr 2019
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11 Sep 2019 - Singapore Business Review
Proceeds will be used to refinance the company’s existing loans. Olam International and its subsidiary Olam Treasury, have secured a revolving credit facility (RCF) of $724.26m (US$525m), with interest margin linked to meeting improvement targets for sustainability Key Performance Indicators (KPI), according ...
14 Aug 2019 - Singapore Business Review
It blamed higher depreciation and amortisation, and finance costs. Olam International’s profits after tax and minority interest (PATMI) sinks 34.5% YoY in the second quarter to $61.49m from $93.9m last year, an announcement revealed. However, sales during the period rose 15.7% YoY to $8.6b from $7.43b ...
21 May 2019 - Singapore Business Review
The notes were placed to nine investors at a fixed rate of 3.89% for five years. Olam International’s wholly-owned subsidiary Olam Americas Inc. (OAI) has priced a US$120m issuance of five-year fixed-rate notes via a private placement, an announcement revealed. The notes were reportedly placed to nine ...
14 May 2019 - Singapore Business Review
The higher contributions from edible nuts and cocoa boosted earnings. Olam International began 2019 in abundance after profits edged up 6.9% YoY to $168.88m in Q1 from $157.97m in 2018, an announcement revealed. Revenue also jumped 16.7% YoY from $6.3b to $7.35b. Its strong performance was attributed ...
24 Apr 2019 - Singapore Business Review
The acquisition could pull Dangote Flour out of the Nigerian Stock Exchange. Olam International has submitted a binding offer to acquire 100% of Nigerian flour and pasta manufacturer Dangote Flour Mills Plc (DFM) for an enterprise value of $489.99m (NGN130b or US$361m). The proposed transaction would ...
10 Apr 2019 - Singapore Business Review
And a commercial building in Joo Chiat Road is up for sale at $20m. From Bloomberg: Vietnamese conglomerate is entering the cashew market with possible deals in West Africa for more than a 10th of global output, a bold start to take on the US$7b industry’s dominant buyers such as Olam International Ltd. ...
2 Apr 2019 - Singapore Business Review
It will support the firm’s efforts towards digital transformation. Olam International, and its wholly owned subsidiary Olam Treasury (OTPL), have secured its first digital loan, a three-year digital-linked revolving credit facility for $474.35m (US$350m), an announcement revealed. This is said to be ...
28 Feb 2019 - Singapore Business Review
It had a large exceptional $149.4m gain recorded in 2017 primarily from the sale of its 50% stake in FEA. Olam International ended 2018 on a dismal note after its profits crashed 40.1% YoY to $347.87m from $580.74m, an announcement revealed. However, revenue jumped 16% YoY to $30.48b from $26.27b in ...
27 Feb 2019 - Singapore Business Review
The acquisition will add 150,000 metric tonnes of cocoa bean processing and capacity. Olam International has acquired Indonesia’s largest cocoa processor PT. Bumitangerang Mesindotama (BT Cocoa) for approximately $121.31m (US$90m), an announcement revealed. The firm acquired an 85% share of YTS Holdings ...
25 Jan 2019 - The Star Online
SINGAPORE: Singaporean commodity trader Olam International said on Friday it will sell its sugar, rubber, wood products and fertiliser businesses and other assets to release $1.6 billion of cash to reinvest as part of a six-year strategic plan. The company plans to invest $3.5 billion in the period to ...