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!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

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

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Wednesday 31 August 2011

Olam reports full-year net profit of S$444.6m

By Amanda Feng


SINGAPORE : Mainboard-listed Olam International on Monday reported a net profit after tax (including exceptional items) of S$444.6 million for its full year ended June 30, a growth of 23.6 per cent compared to S$359.7 million achieved last year.

This is despite significant volatility in commodity markets, which saw a rally in prices across commodity asset classes during the first nine months, followed by a weakening of prices during the last quarter, particularly towards the end of June.

Olam added that its decision to invest selectively in upstream and midstream growth initiatives with attractive returns, such as plantations and value-added processing, helped enhance margins and strengthen returns.

Olam, which processes agricultural products and food ingredients, said commodity food prices might continue to go up in the light of inflation.

Olam International's CEO, Sunny Verghese, commented: "Although all this economic turmoil has happened, commodity prices and food prices have only come down about one and a half per cent."

"This reflects the strong underlying demand and supply side drivers which will keep commodity prices over the middle and long term pretty elevated," he added.

- CNA/ms

No comments:

Post a Comment

Related Posts with Thumbnails