Q4 Results 2018

Press Release

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Olam International reports 2018 PATMI of S$347.8 million Recommends final dividend of 4.0 cents per share

Press release 28th Feb, 2019

HIGHLIGHTS

  • Lower year-on-year performance against a strong base in 2017:
    • Q4 2018: PATMI down 71.6% to S$75.3 million due to a large exceptional gain of S$155.4 million recorded in Q4 2017; Operational PATMI down 34.4% to S$72.0 million
    • 2018: PATMI down 40.1% to S$347.8 million due to the large exceptional gain of S$149.2 million in 2017; Operational PATMI down 19.7% to S$346.6 million
  • Strong, positive free cash flow in 2018 higher than prior year:
    • Free Cash Flow to Firm: S$1.53 billion; Free Cash Flow to Equity: S$1.1 billion
  • Improved net gearing of 1.32x versus 1.46x in 2017
  • Board recommends final dividend of 4.0 cents per share, maintains total dividend at 7.5 cents per share for 2018 (2017: 7.5 cents)
S$ million 2018 2017 % Change Q4 2018 Q4 2017  % Change
 Volume (‘000 MT) 32,867.6 22,534.6 45.9 9,610.9 7,796.0 23.3
 Revenue 30,479.0 26,272.5 16.0 8,460.4 7,235.2 16.9
 EBITDA 1,235.8 1,327.9 (6.9) 330.7 312.8 5.7
 PAT 323.1 551.6 (41.4) 72.2 256.1 (71.8)
 PATMI 347.8 580.7 (40.1) 75.3 265.1 (71.6)
 Operational PATMI 346.6 431.5 (19.7) 72.0 109.7 (34.4)
About Olam International Limited
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
  • 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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