I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Monday 14 November 2011

Olam 1Q net profit increases by 15.1%, outlook positive

By YEO AIQI


Olam International Limited on Monday announced that its net profit for first quarter ended Sept 30, 2011 increased by 15.1 per cent to S$34.22 million from a year ago.

Revenue increased by 31.6 per cent from a year ago to S$3.23 billion.

Its edible nuts, spice and beans segment registered volume growth of 11.7 per cent and revenue growth of 22.1 per cent. The spices and vegetable ingredients business continues to perform well with the seasons in the US, China and Vietnam progressing well. Confectionary and beverage ingredients segment registered volume growth of 23.5 per cent. Food staples and packaged foods segment achieved volume growth of 22.1 per cent, led by the rice and grains business, with strong market share growth in the african markets.

Olam remains positive about its prospects for the remaining part of FY2012. It constantly reviews corporate development opportunities which are in line with its corporate growth strategy.

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