By Carine Lee
Olam International Limited on Tuesday reported a 22.5 per cent decrease in
year-on-year earnings to $98.68 million for the fiscal third quarter ended March
31, 2012.
Turnover decreased 10.8 per cent to $4.23 billion from a year ago, on lower commodity prices across most products.
Sales volume increased 19.7 per cent to 2.7 million metric tons. However, per ton margin fell from S$136 to S$124.
Year to date, the group posted a 13.6 per cent decrease in net profit to $261.41 million, on revenue of $11.95 billion.
Turnover decreased 10.8 per cent to $4.23 billion from a year ago, on lower commodity prices across most products.
Sales volume increased 19.7 per cent to 2.7 million metric tons. However, per ton margin fell from S$136 to S$124.
Year to date, the group posted a 13.6 per cent decrease in net profit to $261.41 million, on revenue of $11.95 billion.
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