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Last $29.26 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 03/23/15 All times are local (Market data is delayed by at least 15 minutes).

olam intl ltd-unsp adr (OLMIY) Key Developments

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.

Olam International Mulls Acquisitions

Olam International Limited (SGX:O32) announced an additional fixed-income offering of AUD 25 million fixed rate senior unsecured notes and intends to use the proceeds for working capital purposes and general corporate purposes, including financing capital expenditure and potential acquisition opportunities.

Olam International Seeks Acquisitions

Olam International Limited (SGX:O32) is looking for acquisition opportunities. Olam International announced a fixed-income offering of AUD 124.7 million and Proceeds will be used for working capital purposes and general corporate purposes, including financing capital expenditure and potential acquisition opportunities.

Olam International Limited Presents at Bank of America Merrill Lynch 2015 ASEAN Conference, Mar-02-2015

Olam International Limited Presents at Bank of America Merrill Lynch 2015 ASEAN Conference, Mar-02-2015 . Venue: The Fullerton Hotel Singapore, 1 Fullerton Singapore, Singapore 049178, Singapore.

Olam International Limited Announces Earnings Results for the Second Quarter and Six Months Ended December 31, 2014; Records Impairment Charges for the Fourth Quarter of 2014; Provides Cash Flow Guidance for the Fiscal 2016

Olam International Limited announced earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported sales of goods and services of SGD 4,879,377,000 compared with SGD 4,506,742,000 for the same period a year ago. Profit before tax was SGD 149,014,000 compared with SGD 149,830,000 for the same period a year ago. Profit for the period attributable to owners of the company was SGD 118,744,000 or 4.48 cents per fully diluted share compared with SGD 134,890,000 or 5.44 cents per fully diluted share for the same period a year ago. Net cash flow used in from operating activities was SGD 62,673,000 compared with SGD 313,536,000 for the same period a year ago. Purchase of property, plant and equipment was SGD 110,109,000 compared with SGD 136,020,000 for the same period a year ago. Purchase of intangible assets was SGD 855,000 compared with SGD 18,000 for the same period a year ago. EBITDA was SGD 283,200 compared with SGD 315,900 for the same period a year ago. For the six months, the company reported sales of goods and services of SGD 9,178,009,000 compared with SGD 8,827,777,000 for the same period a year ago. Profit before tax was SGD 198,036,000 compared with SGD 200,870,000 for the same period a year ago. Profit for the period attributable to owners of the company was SGD 163,034,000 or 5.99 cents per fully diluted share compared with SGD 180,522,000 or 7.15 cents per fully diluted share for the same period a year ago. PAT is down by 10% and operational PAT is down about 20%. Net cash flow used in from operating activities was SGD 67,511,000 compared with SGD 271,172,000 for the same period a year ago. Purchase of property, plant and equipment was SGD 196,096,000 compared with SGD 320,804,000 for the same period a year ago. Purchase of intangible assets was SGD 855,000 compared with SGD 4,329,000 for the same period a year ago. For the first half, there is a positive free cash flow, FCFF at SGD 75 million. For the quarter, the company recorded fixed assets written off of SGD 1,592,000 and impairment of goodwill and intangible assets of SGD 2,611,000. The company maintains the objective of being free cash flow to firm positive in fiscal 2016 and stay there sustainably going forward.

 

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OLMIY

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Valuation OLMIY Industry Range
Price/Earnings 8.5x
Price/Sales 0.2x
Price/Book 1.1x
Price/Cash Flow 6.0x
TEV/Sales NM Not Meaningful
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