Olam International reports Q3 2018 PATMI of S94.0 million

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Olam International reports Q3 2018 PATMI of S$20.7 million

Press release 14th Nov, 2018

HIGHLIGHTS 

  • Q3 2018 PATMI down 14.2% to S$20.7 million and 9M 2018 PATMI down 13.6% to S$272.6 million on tough trading conditions in Coffee, and lower performance from peanut business and Commodity Financial Services (CFS) 
  • Q3 2018 Operational PATMI down 13.8% to S$20.7 million; 9M 2018 Operational PATMI down 14.6% to S$274.7 million 
  • Significant improvement in net gearing (Sep 30, 2018: 1.38x; Sep 30, 2017: 1.82x)
  • Strong, positive free cash flow:   

                - Free cash flow to equity (FCFE) for Q3 2018 improved to S$769.4 million (Q3 2017: S$726.0 million)

                - FCFE for 9M 2018 was S$602.4 million (9M 2017: S$713.2 million) 

 

S$ million
9M 2018
9M 2017
% Change
Q3 2018
Q3 2017
% Change
Volume ('000 MT)
23,256.7
14,738.6
57.8 9,650.1
5,798.8
66.4 
Revenue
22,018.6
19,037.3
15.7
8,294.0
6,712.6
23.6
EBITDA
905.1 1,015.1
(10.8)
229.1
243.0
(5.7) 
PAT
251.1
295.5
(15.0) 14.7
25.4 (42.3)
PATMI
272.6
315.6
(13.6)
20.7
24.1 (14.2)
Operational PATMI
274.7 321.8 (14.6) 20.7 24.0 (13.8)
Downloads
  • Press Release Download [64KB, PDF]
  • Financial Statements Download [354KB, PDF]
  • Management Discussion and Analysis Download [534, PDF]
  • Results Presentation Download [1MB, 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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