Olam Group's Attributable Profit Slides 83% in H2 2024; Shares Down 8%

MT Newswires

02-28

Olam Group's (SGX:VC2) profit attributable to owners declined 83% during the second half of 2024 to SG$38.4 million from SG$230.8 million a year earlier, according to a filing with the Singapore Exchange on Thursday.

Earnings per share fell to SG$0.0057 compared with SG$0.0559 in the comparable period.

Sale of good and services was up 24% year over year to SG$29.2 billion from SG$23.6 billion.

The company declared a second and final dividend of SG$0.03 per share, bringing the total dividend for 2024 to SG$0.06 per share.

Shares of the company slumped nearly 8% in recent trading.

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