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"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

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Tuesday, 14 February 2012

Olam Q2 profit falls 11.6% to $128.5m

By CARINE LEE


Olam International Limited on Tuesday said its net profit for the three months ended Dec 31, 2011 decreased 11.6 per cent to $128.5 million from $145.44 million a year ago.

Turnover for the second quarter rose 11 per cent year-on-year to $4.49 billion from $4.04 billion.

Earnings per share slipped to 5.26 cents from 6.84 cents.

Year-to-date earnings decreased 7.1 per cent to $162.73 million from $175.17 million.

Turnover for the half year ended Dec 31, increased 18.8 per cent to $7.72 billion from $6.5 billion.

Earnings per share for the first six months of the fiscal year 2012, was 6.66 cents, down from 8.34 cents a year ago.



Posted by Createwealth8888 at 18:21
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2 comments:

  1. Hi Uncle 8888,

    I know Olam is always in your portfolio.
    Will this recent weakness mean you might add more?

    ReplyDelete

  2. I will continue to do the next round of short-term trading if Olam drops back to my entry level again.

    ReplyDelete

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