olam-international-reports-28-5-patmi-growth-q2-2017

Press Release

Get in touch with our Press teams

Olam International reports 28.5% PATMI growth for Q2 2017

Press release 14th Aug, 2017
  • Q2 2017 PATMI up 28.5% year-on-year to S$147.7 million with growth from all four key segments especially the Food category; Operational PATMI up 34.1% to S$154.0 million
  • H1 2017 PATMI up 27.5% to S$291.5 million; Operational PATMI up 23.6% to S$297.8 million
  • EBITDA in Q2 2017 and H1 2017 up 18.4% and 19.1% to S$373.7 million and S$772.3 million respectively on growth across most business segments
  • Generated higher positive Free Cash Flow to Firm of S$239.4 million in H1 2017
  • Board declares interim dividend of 3.5 cents per share

Co-Founder & Group CEO Sunny Verghese said: “Our strong Q2 performance on top of a solid Q1 has delivered significantly improved first-half results. Our Food Category segments in particular lifted overall performance in Q2.

“This reflects the continued execution of our strategic plan and our disciplined focus on capital management. We are confident that our business model will remain resilient and our balanced approach to pursuing current and future growth will serve us well.”

Consolidated Financial Results for the period ended June 30  (S$ million) H1 2017 H1 2016  % Change Q2 2017 Q2 2016 % Change
 Volume (‘000 MT) 8,939.8 6,447.5  38.7 4,478.1 3,482.0 28.6
 Revenue 12,324.7 9,742.8 26.5 6,520.5 4,981.3 30.9
 EBITDA 772.3 648.4 19.1 373.7 315.6 18.4
 PAT 270.1 220.9 22.3 133.6 111.5 19.8
 PATMI 291.5 228.6 27.5 147.7 114.9 28.5
 Operational PATMI 297.8 241.0 23.6 154.0 114.8 34.1
Segment Sales Volume Revenue EBITDA
Q2 2017 Q2 2016 Q2 2017 Q2 2016 Q2 2017 Q2
2016
Edible Nuts, Spices and Vegetable Ingredients 398.3 431.6 1,142.9 1,004.5  117.0 99.0
Confectionery and Beverage Ingredients 552.7 450.3 2,241.0 1,806.6  111.6 92.3
Food Staples and Packaged Foods 2,981.7 2,110.2 1,971.5 1,383.6 99.4 79.9
 Food Category 3,932.7 2,992.1 5,355.4 4,194.7 328.0 271.2
Industrial Raw Materials, Ag Logistics
and Infrastructure
 545.4 490.0 1,165.1  786.6 44.3 40.0
Commodity Financial Services (CFS) N/A N/A 0.0 0.0 1.2 4.4
 Non-Food Category  545.4 490.0 1,165.1  786.6 45.5 44.4
Total 4,478.1 3,482.0 6,520.5 4,981.3 373.7 315.6
Segment Sales Volume Revenue EBITDA
H1
2017
H1
2016
H1
2017
H1
2016
H1
2017
H1
2016
Edible Nuts, Spices and Vegetable Ingredients 768.5 731.9 2.054.2 1,771.4 255.1 179.2
Confectionery and Beverage Ingredients 1,058.9 983.4 4,330.3 4,057.3 186.7 197.5
Food Staples and Packaged Foods 6,128.3 3,902.5 3,947.2 2,585.0 217.7 165.6
 Food Category 7,955.7 5,617.8 10.331.8 8,413.7 659.5 542.3
Industrial Raw Materials,
Ag Logistics and Infrastructure
984.1 829.7 1,992.9 1,329.1 106.5 105.2
Commodity Financial Services (CFS) N/A N/A 0.0 0.0 6.3 0.9
 Non-Food Category 984.1 829.7 1,992.9 1,329.1 112.8 106.1
Total 8,939.8 6,447.5 12,324.7 9,742.8 772.3 648.4
Downloads
About Olam International Limited
Issued on behalf of Olam International Limited by:

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

Contacts For Olam Investor Relations
  • Aditya Renjen
  • Vice President
  • +65 66031104, 96570339
  • aditya.renjen@olamnet.com
  • Chow Hung Hoeng
  • General Manager
  • +65 63179471, 98346335
  • chow.hunghoeng@olamnet.com
Contacts For WATATAWA Consulting
  • Simon Pangrazio
  • Managing Partner
  • +65 90603513
  • spangrazio@we-watatawa.com
  • Josephine Chew
  • Associate Partner
  • +65 90610353
  • jchew@we-watatawa.com

Want to get the latest from Olam? Subscribe for latest updates.

Close