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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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. Ray15 February 2012 at 16:51:00 GMT+8

    Hi Uncle 8888,

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

    ReplyDelete
  2. Createwealth888815 February 2012 at 20:05:00 GMT+8

    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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