Olam International has reported a steady operating performance, recording $15.9 billion revenues for the first half of 2019, against $13.7 billion for the same period last year.
The global ingredients group Olam International has delivered an upturn in its financial performance, with revenues for the quarter standing at $7.3 billion, up 16% year-on-year.
Global food and agri-business Olam International is set to acquire complete ownership of Dangote Flour Mills (DFM), a flour and pasta manufacturer in Nigeria, for US$ 361 million, amid growing demand for bakery and snack foods in the country.
Olam International has reported an increase in revenues for 2018, totalling $30.5 billion, up 16% across its global interests for the financial year.
Olam International has signed a $90 million deal to acquire Indonesia’s Bumitangerang Mesindotama (BT Cocoa), the country’s largest business in the sector, building on major growth within the Asian market.
Olam International, the global cocoa and ingredients business, has reported a third quarter dip in profits, down 14.2% to $20.7 million and nine month profits down 13.6% to $272.6 million, which it attributed to ongoing challenging trading conditions.