Singapore's Olam Group reports around 53% fall in full-year profit
27/02/2025 23:09
Feb 28 (Reuters) - Singapore's Olam Group OLAG.SI reported a slump in its underlying profit for the year on Friday, impacted by an increase in its net finance costs. Olam, one of the world's biggest agricultural commodities traders, said its operational profit after tax and minority interests dropped to S$216.3 million ($160.47 million) for the year ended December 31, compared with S$458.1 million the previous year. ($1 = 1.3479 Singapore dollars) (Reporting by Roshan Thomas and Nichiket Sunil in Bengaluru; Editing by Mohammed Safi Shamsi) ((Nichiket.Sunil@thomsonreuters.com;))
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