Full Year 2019 Results

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Olam International reports 62.2% higher PATMI at S$564.1 million for 2019 - Board recommends final dividend of 4.5 cents per share

Press release 28th Feb, 2020

Singapore

HIGHLIGHTS

  • Strong operating performance with Q4 2019 and 2019 EBITDA up 49.2% and 25.6%to S$493.3 million and S$1.6 billion respectively, mainly driven by higher contribution from Cocoa, Grains and Animal Feed businesses
  • Q4 2019 and 2019 PATMI up 316.2% and 62.2% respectively on higher EBITDA and net exceptional gains, to S$313.4 million and S$564.1 million respectively
  • Without exceptional gains and impact of SFRS(I) 161, Q4 2019 PATMI would have increased more than three-fold to S$236.2 million and 2019 PATMI by 51.2% to S$524.2 million.
  • Positive Free Cash Flow to Equity of S$134.6 million in 2019 (2018: S$1.1 billion)
  • Net gearing of 1.38x versus 1.32x in 2018
  • Board recommends final dividend of 4.5 cents per share; total dividend for 2019 would be 8.0 cents per share (2018: 7.5 cents)
S$ million 2019
2018  % Change Q4 2019 Q4 2018 % Change
 Volume (‘000 MT) 39,751.8 32,867.6 20.9 10,714.9 9,610.9 11.5
 Revenue 32,992.7 30,479.0 8.2 8,737.5 8,460.4 3.3
 EBITDA 1,551.7 1,235.8 25.6 493.3 330.7 49.2
 PAT  525.1 323.1 62.5  308.5 72.2 327.6
 PATMI  564.1 347.8 62.2  313.4 75.3 316.2
 Operational PATMI 498.2 346.6 43.7 229.7 72.0 219.0
About Olam International Limited
Issued on behalf of Olam International Limited by:

WATATAWA Consulting, 77 Robinson Road, Robinson 77 #33-00, Singapore 068896 

For further information, please contact:
Contacts for Olam Investor Relations
  • Aditya Renjen
  • Senior Vice President
  • +65 66031104, 96570339
  • aditya.renjen@olamnet.com
  • Chow Hung Hoeng
  • General Manager
  • +65 63179471, 98346335
  • chow.hunghoeng@olamnet.com
Contact for WATATAWA Consulting
  • Josephine Chew
  • Managing Director
  • +65 90610353
  • jchew@we-watatawa.com
  • Ong Chor Hao
  • Deputy Director
  • +65 96272674
  • chorhaoo@we-watatawa.com

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