Olam International reports Q2 2018

Press Release

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Olam International reports Q2 2018 PATMI of S$94.0 million

Press release 14th Aug, 2018

HIGHLIGHTS

  • Lower financial results against strong performance in previous corresponding period:

    • Q2 2018: PATMI down 36.4% to S$94.0 million; Operational PATMI down 40.6% to S$91.4 million

    • H1 2018: PATMI down 13.6% to S$251.9 million; Operational PATMI down 14.7% to S$254.0 million

  • Significant improvement in net gearing (Jun 30, 2018: 1.46x; Jun 30, 2017: 1.97x).

  • Free cash flow:

    • Free Cash Flow to Equity (FCFE) in Q2 2018 improved significantly to S$242.1 million (Q2 2017: S$28.7 million)

    • FCFE in H1 2018 was negative S$167.0 million (H1 2017: -S$12.8 million)

  • Board of Directors declared interim dividends of 3.5 cents per share for H1 2018 (H1 2017: 3.5 cents).

S$ million
H1 2018
H1 2017
 % Change
Q2 2018
Q2 2017
% Change
Volume (‘000 MT)
13,606.6
8,939.8
52.2
6,641.4
4,478.1
48.3
Revenue
13,724.6
12,324.7
11.4
7,429.2
6,520.5
13.9
EBITDA
676.0
772.3
(12.5)
307.9
373.7
(17.6)
PAT
 236.4
270.1
(12.5)
86.0
133.6
(35.7)
 PATMI  251.9
291.5
(13.6)
94.0
147.7
(36.4)
 Operational PATMI
254.0
297.8
(14.7)
91.4
154.0
(40.6)
Downloads
  • Press Release Download [43KB, PDF]
  • Financial Statements Download [335KB, PDF]
  • Management Discussion and Analysis Download [463KB, PDF]
  • Results Presentation Download [1MB, PDF]
  • Interim Dividend Download [284KB, PDF]
About OLAM International
More information on Olam can be found at www.olamgroup.com.

Olam is located at 7 Straits View, Marina One East Tower, Singapore 018936.
Telephone: +65 63394100, Facsimile: +65 63399755.

Issued on behalf of Olam International Limited by:

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

For futher information, please contact
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
WATATAWA Consulting
  • Josephine Chew
  • Managing Director
  • +65 90610353
  • jchew@we-watatawa.com
  • Ong Chor Hao
  • Manager
  • +65 90603513
  • chorhaoo@we-watatawa.com

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