Olam Q4 net profit drops 43.9% on year
Published on Aug 29, 2014 10:11 AM
SINGAPORE (Reuters) - Commodities trader Olam International said on Friday its net profit for the quarter ended June 30 fell 43.9 per cent to $31.8 million.
Full-year net profit jumped 67.8 per cent to $608.5 million on off-off gains, beating an average forecast for the period of $400.35 million based on forecasts from 15 analysts, according to Thomson Reuters data.
Olam recommended a cash dividend of 5 Singapore cents per share for the year, as well as a special dividend of 2.5 Singapore cents per share.