Olam Group's first-half profit soars on higher food ingredients prices

Olam

14/08/2025 24:15

Aug 14 (Reuters) - Singapore's Olam Group OLAG.SI reported a near seven-fold jump in first-half earnings on Thursday, primarily driven by strong performance at its food ingredients division due to higher average sales price.

Olam, one of the world's biggest agricultural commodity traders, said its reported profit attributable came in at S$323.8 million ($253.05 million) for the six months ended June 30, compared with S$48 million a year earlier.

($1 = 1.2796 Singapore dollars)

 (Reporting by Sameer Manekar and Shivangi Lahiri in Bengaluru; Editing by Mohammed Safi Shamsi)

 ((Shivangi.Lahiri@thomsonreuters.com;))