Q2 Results 2019

Press Release

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Olam International Q2 2019 PATMI at S$61.5 million Maintains interim dividend at 3.5 cents per share

Press release 14th Aug, 2019

Singapore

HIGHLIGHTS

  • Steady operating performance with Q2 2019 and H1 2019 EBITDA growth of 14.1% to S$351.2 million and S$771.5 million respectively
  • Q2 2019 and H1 2019 PATMI were lower by 34.5% and 8.5% to S$61.5 million and S$230.3 million respectively
  • Excluding exceptional losses and impact of SFRS(I) 161 , Q2 2019 and H1 2019 PATMI would be higher at S$73.6 million and S$261.0 million respectively 
  • Strong, positive Free Cash Flow to Equity (FCFE) of S$864.2 million for H1 2019 
  • Further improvement in net gearing to 1.28x (from H1 2018: 1.46x)
  • Board of Directors declares interim dividend of 3.5 cents per share for H1 2019 (H1 2018: 3.5 cents) 
S$ million H1 2019 H1 2018  % Change Q2 2019 Q2 2018 % Change
 Volume (‘000 MT) 19,100.2 13,606.6 40.4 10,639.6 6,641.4 60.2
 Revenue 15,943.9 13,724.6 16.2 8,596.0 7,429.2 15.7
 EBITDA 771.5 676.0 14.1 351.2 307.9 14.1
 PAT 207.7 236.4 (12.1) 48.9 86.0 (43.2)
 PATMI 230.3 251.9 (8.5) 61.5 94.0 (34.5)
 Operational PATMI 248.0 254.0 (2.4) 67.0 91.4 (26.7)
About Olam International Limited

More information on Olam can be found at www.olamgroup.com

 

Issued on behalf of Olam International Limited by:  

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

Contacts for Olam Investor Relations
  • Aditya Renjen
  • Senior Vice President
  • +65 66031104, 96570339
  • aditya.renjen@olamnet.com
  • Chow Hung Hoeng
  • General Manager
  • +65 90610353
  • jchew@we-watatawa.com
Contacts for WATATAWA Consulting
  • Josephine Chew
  • Managing Director
  • +65 90610353
  • jchew@we-watatawa.com

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