olam intl ltd-unsp adr (OLMIY) Key Developments
Olam International Limited Presents at Mauritius Trade Finance Conference 2015, Oct-01-2015
Sep 22 15
Olam International Limited Presents at Mauritius Trade Finance Conference 2015, Oct-01-2015 . Venue: Port Louis, Mauritius. Speakers: Bikash Prasad, Chief Financial Officer, Southern & Eastern Africa.
Olam Eyes Acquisitions
Sep 21 15
Olam International Limited (SGX:O32) is looking for acquisitions. The company is keen to make acquisitions of up to SGD 2.72 billion as it plans to benefit from the dip in prices of agricultural commodities. Olam Chief Executive Officer Sunny Verghese was quoted by Bloomberg as saying: "We will do bigger deals that really move the needle for us."
Olam International Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2015
Sep 16 15
Olam International Limited reported earnings results for the fourth quarter and full year ended June 30, 2015. For the quarter, profit attributable to owners of the company for the fourth quarter ended June 30, 2015 was SGD 94.74 million, or 3.57 cents per diluted share, compared to SGD 31.83 million, or 1.09 cents per diluted share, for the same quarter ended June 30, 2014. Sale of goods and services for the fourth quarter ended June 30, 2015 was SGD 4.81 billion, compared to SGD 5.76 billion for the same quarter ended June 30, 2014.
Profit attributable to owners of the company for the year ended June 30, 2015 was SGD 289.03 million, or 10.64 cents per diluted share, compared to SGD 608.49 million, or 24.21 cents per diluted share, for the year ended June 30, 2014. Sale of goods and services for the year ended June 30, 2015 was SGD 18.31 billion, compared to SGD 19.42 billion for the year ended June 30, 2014.
Olam International Seeks Acquisition
Aug 31 15
Olam International Limited (SGX:O32) has announced an offering in the amount of ¥6.2 billion. The proceeds will be used by the company and its subsidiaries for working capital purposes and general corporate purposes, including financing capital expenditure and potential acquisition opportunities.
Mitsubishi Corp. to Form Alliance with Olam International Ltd
Aug 28 15
Mitsubishi Corp. announced that it will form a capital and business alliance with Olam International Ltd. Through the tie-up, the Japanese trading house aims to strengthen its food business in Asia and Africa. Mitsubishi plans to beef up its nonresources operations as it struggles with falling revenue from the resources sector due to lower crude oil and iron ore prices. Mitsubishi will spend about SGD 1.53 billion, or about CNY 130 billion, for a 20% stake in Olam to make the Singaporean company an affiliate under the equity method. Mitsubishi and Olam will work together on the procurement of raw materials for confectioneries. They are also considering establishing a joint venture to handle coffee and other commodities in Japan.