Q3 Results 2019

Press Release

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Olam International Q3 2019 PATMI at S$20.4 million

Press release 13th Nov, 2019

- Excluding exceptional losses and impact of SFRS(I) 16, Q3 PATMI would have been at S$27.0 million with 30.4% growth over prior year

 

Singapore

HIGHLIGHTS

  • Steady operating performance with Q3 2019 and 9M 2019 EBITDA up 25.2% and 16.9% to S$286.9 million and S$1.1 billion respectively, driven by higher contribution from the Food Category1
  • Q3 2019 and 9M 2019 PATMI lower by 1.5% and 8.0% at S$20.4 million and S$250.7 million respectively
  • Excluding exceptional losses and the impact of SFRS(I) 162, Q3 2019 PATMI would have increased by 30.4% to S$27.0 million and 9M 2019 PATMI by 4.9% to S$288.0 million
  • Improved, positive Free Cash Flow to Equity (FCFE) of S$767.0 million for 9M 2019 (9M 2018: S$602.4 million)
  • Steady net gearing of 1.37x (9M 2018: 1.38x)
S$ million 9M 2019
9M 2018  % Change Q3 2019 Q3 2018 % Change
 Volume (‘000 MT) 29,036.9
23,256.7
24.9 9,936.7
9,650.1
3.0
 Revenue 24,255.2
22,018.6
10.2
8,311.3
8,294.0
0.2
 EBITDA 1,058.4
905.1
16.9
286.9
229.1
25.2
 PAT 216.6
251.1
(13.7)
8.9
14.7
(39.2)
 PATMI 250.7
272.6
(8.0)
20.4
20.7
(1.5)
 Operational PATMI 268.5
274.7
(2.3)
20.5
20.7
(1.0)
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 63179471, 98346335
  • chow.hunghoeng@olamnet.com
Contacts for WATATAWA Consulting
  • Josephine Chew
  • Managing Director
  • +65 90610353
  • jchew@we-watatawa.com

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