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Olam Group records half-year profit growth despite coronavirus pandemic
The Olam Group, has delivered a key upturn in its half-year results, with its latest figures revealing revenue rises of 7% to $17.1 billion, and profit growth of 44%, totalling $333 million for the period, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Sustainability
Olam International launches global food security contest
Olam International, in partnership with Agropolis Fondation, has set out to find for ground-breaking food security scientific research that can deliver transformational impacts within global agriculture – including supply chains for cocoa and snacks markets.
Business news, Cocoa & chocolate, Food safety, Ingredients, Sustainability
Olam Cocoa supports key African cocoa producers with medical supplies amid pandemic
The international Olam Cocoa group has delivered a support package providing personal protective equipment (PPE) and key medical supplies to cocoa farming communities tackling coronavirus across Central and West Africa.
Olam hits key growth goals within its annual report
Olam International has unveiled its 2019 Annual Report, which outlines how the company has delivered key financial growth trends after splitting the business into two distinct divisions.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Olam reports major profits growth for its global operations
Olam International has reported its latest annual figures, recording a 62% year-on-year increase in profits, to $564 million for its 2019 global operations.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Olam International restructures into two business units
Global food and agri-business Olam International has confirmed plans to re-organise its business portfolio to create two new distinct operating groups for the company.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Bühler networking event calls on industry to intensify sustainability efforts
Businesses from across the food sector, including confectionery and bakery enterprises, have been urged to deliver more environmentally sustainable production processes at Bühler’s networking days forum.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability
Bühler raises its waste and energy reduction targets at global networking event
A total of 800 influential senior executives from across the food sector have gathered for this year’s Networking Days in Uzwil, Switzerland, with is core goal of enhancing sustainable production.
Olam International reports steady performance despite market challenges
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.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Olam International scores improved first quarter results
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.
Olam International reports pressure on annual profits amid challenging conditions
Olam International has reported an increase in revenues for 2018, totalling $30.5 billion, up 16% across its global interests for the financial year.
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability
Olam plans multi-billion investment in its global operations
Global food and agri-business Olam International (“Olam”) today announced its 2019-2024 strategic plan which will see investment of over $3.5 billion into strengthening its business operations in response to consumer trends.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Olam records lower profits amid trading challenges
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.
Olam remains optimistic despite drop in half-year profits
Global ingredients supplier Olam has reported profits of $251 million €217m) for the first half of 2018, down 13.6% year-on-year.
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability