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Last $30.42 USD
Change Today 0.00 / 0.00%
Volume 0.0
OLMIY On Other Exchanges
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As of 8:10 PM 05/13/15 All times are local (Market data is delayed by at least 15 minutes).

olam intl ltd-unsp adr (OLMIY) Key Developments

Olam International Limited Reports Unaudited Earnings and Production Results for the First Quarter Ended March 31, 2015

Olam International Limited reported unaudited earnings and production results for the first quarter ended March 31, 2015. For the third quarter, the company has posted revenue of SGD 4,321.1 million against SGD 4,836.4 million a year ago. EBITDA was SGD 330.1 million against SGD 335.3 million a year ago. Profit after tax was SGD 27.6 million against SGD 392.9 million a year ago. PATMI was SGD 31.3 million against SGD 396.1 million a year ago. Operational PATMI was SGD 128.5 million against SGD 102.2 million a year ago. Reported PATMI was down 92.1% compared to the previous corresponding period. This is largely because of the swing in exceptional items in the two periods ­ in first quarter 2014, the Company had reported net exceptional gains of SGD 293.9 million largely from the revaluation of its stake in PureCircle Limited as well as the sale and leaseback of its almond assets in Australia, while first quarter 2015 included a net exceptional loss of SGD 97.2 million resulting mainly from the buyback of outstanding SGD 750.0 million 6.75% bonds due 2018. The company reported positive free cash flow to firm of SGD 120.2 million during the current period, a significant improvement from negative SGD 424.8 million a year ago. This was mainly because of higher operating and divestment cash flows, as well as lower working capital requirements. Capital expenditure incurred was SGD 301.5 million as compared to SGD 180.0 million in first quarter 2014. This included a SGD 225.9 million investment to acquire MMI which was not part of the strategic plan Capex guidance. For the period, the company reported Volume of 2,682,800 MT against 4,018,000 MT a year ago. Sales volume fell 33.2% as a result of the Company's deliberate strategy to grow in prioritised platforms while reducing volumes or exiting from lower-margin business.

Olam International Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015

Olam International Limited reported unaudited earnings results for the third quarter and nine months ended March 31, 2015. For the third quarter, the company has posted sale of goods & services of SGD 4,321,086,000 against SGD 4,836,354,000 a year ago. Profit before tax was SGD 57,294,000 against SGD 430,532,000 a year ago. Profit attributable to owners of the company was SGD 31,263,000 or 1.07 cents fully diluted per share against SGD 396,133,000 or 15.26 cents fully diluted per share a year ago. Net cash flow generated in operating activities was SGD 21,630,000 against net cash used in operating activities was SGD 671,094,000 a year ago. Purchase of property, plant and equipment was SGD 71,859,000 against SGD 171,942,000 a year ago. Purchase of intangible assets was SGD 3,802,000 against SGD 8,068,000 a year ago. Acquisition of subsidiaries, net of cash acquired was SGD 225,850,000. For the nine months, the company has posted sale of goods & services of SGD 13,499,095,000 against SGD 13,664,131,000 a year ago. Profit before tax was SGD 255,330,000 against SGD 631,402,000 a year ago. Profit attributable to owners of the company was SGD 194,297,000 or 7.08 cents fully diluted per share against SGD 576,655,000 or 23.03 cents fully diluted per share a year ago. Net cash flow used in operating activities was SGD 45,881,000 against SGD 942,266,000 a year ago. Purchase of property, plant and equipment was SGD 267,955,000 against SGD 492,746,000 a year ago. Purchase of intangible assets was SGD 4,657,000 against SGD 12,397,000 a year ago. Acquisition of subsidiaries, net of cash acquired was SGD 225,850,000.

Olam International Limited, Q3 2015 Earnings Call, May 15, 2015

Olam International Limited, Q3 2015 Earnings Call, May 15, 2015

Olam International Limited to Report Q3, 2015 Results on May 15, 2015

Olam International Limited announced that they will report Q3, 2015 results Pre-Market on May 15, 2015

Olam International Opens OCP Facility in San Pedro, Cote d'Ivoire

Olam International has announced the opening of Olam Cocoa Processing, or OCP, facility in San Pedro, Cote d'Ivoire. With an overall investment of $75 million and commissioned in July 2014, the plant and the processing operations are amongst the most advanced cocoa facilities in Africa, focusing on both quality and the environment. The plant has a grind capacity of 75,000 metric tonnes per year and produces whole bean and nib roasted liquor, cocoa butter and cocoa cake. The cocoa beans are sourced through Olam's extensive farmer networks throughout the country providing a completely sustainable and traceable supply chain. The complex has created employment for 450 people locally, which includes skilled roles such as engineers, R&D technicians, finance and administration managers, on-site nurses, as well as HR and IT professionals. It is the second major industrial processing investment in the country for Olam which overall has created employment for 6,000 people in Côte d'Ivoire.

 

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OLMIY

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Valuation OLMIY Industry Range
Price/Earnings 23.8x
Price/Sales 0.3x
Price/Book 1.2x
Price/Cash Flow 11.8x
TEV/Sales NM Not Meaningful
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