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Singapore's Olam Group annual profit jumps more than five-fold

Singapore's Olam Group annual profit jumps more than five-fold

Olam Group LimitedFebruary 26, 20263
Singapore's Olam Group annual profit jumps more than five-fold

About this update from Olam Group Limited

Singapore's Olam Group SGX:VC2 reported a more than five-fold jump in annual profit on Friday, helped by strong performance across its businesses.Olam, one of the world's biggest agricultural commodities traders, posted profit attributable of S$444.1 million ($351.34 million) for the year ended December 31, compared with S$86.4 million last year.($1 = 1.2640 Singapore dollars)

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