Olam International (O32): The agri-food giant on Tuesday posted a 13.1 per cent drop in profit after tax and minority interests to S$155.6 million for the first quarter ended March 31, due to the absence of net exceptional gains in the previous corresponding period. The group also announced a three for 20 rights issue which has been priced at S$1.25 per rights share to repay the debt used to fund its acquisition of Olde Thompson in May. Shares of mainboard-listed Olam closed at S$1.71 on Monday, down 2.3 per cent or S$0.04.
Olam International (O32): The agri-food giant on Tuesday posted a 13.1 per cent drop in profit after tax and minority interests to S$155.6 million for the first quarter ended March 31, due to the absence of net exceptional gains in the previous corresponding period. The group also announced a three for 20 rights issue which has been priced at S$1.25 per rights share to repay the debt used to fund its acquisition of Olde Thompson in May. Shares of mainboard-listed Olam closed at S$1.71 on Monday, down 2.3 per cent or S$0.04.
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