Olam Group LimitedSGX: VC2

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

· Issued by 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)