Olam International Limited announced consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported profit attributable to owners of SGD 108.5 million or 4.32 cents earnings per share on diluted basis on revenue- sale of goods & services of SGD 4,717.3 million against profit attributable to owners of SGD 98.7 million or 3.82 cents earnings per share on diluted basis on revenue- sale of goods & services of SGD 4,231.3 million for the comparable period last year. Profit before taxation was SGD 142.1 million against SGD 127.3 million of prior year period. Profit for the period was SGD 115.3 million against SGD 102.3 million of prior year period. The third quarter 2013 results included a net exceptional loss of SGD 13.0 million mainly from the recognition of costs incurred on the termination of the proposed sugar refinery projects in Nigeria following regulatory changes and in Brazil as a result of closing conditions not being met, as previously announced. Net cash flow used in operating activities was SGD 61.5 million against SGD 287.7 million of prior year period. Purchase of property, plant and equipment was SGD 190.2 million against SGD 108.2 million of prior year period. Purchase of intangible assets was SGD 6.2 million against SGD 8.9 million of prior year period. For the quarter, sales volume was 3.883 million metric tonnes (MMT) versus 2.696 million metric tonnes (MMT) of prior year period. For the nine months, the company reported profit attributable to owners of SGD 305.8 million or 12.14 cents earnings per share on diluted basis on revenue- sale of goods & services of SGD 14,306.8 million compared to profit attributable to owners of SGD 261.4 million or 10.30 cents earnings per share on diluted basis on revenue- sale of goods & services of SGD 11,947.7 million for the corresponding period last year. Profit before taxation was SGD 362.9 million against SGD 331.3 million of prior year period. Profit for the period was SGD 308.4 million against SGD 289.0 million of prior year period. Net cash flow used in operating activities was SGD 580 million against SGD 1,054.2 million of prior year period. Purchase of property, plant and equipment was SGD 565 million against SGD 345 million of prior year period. Purchase of intangible assets was SGD 8.7 million against SGD 13.8 million of prior year period. For the nine months, sales volume was 11.655 million metric tonnes (MMT) versus 7.219 million metric tonnes (MMT) of prior year period.

Olam International Limited, Q3 2013 Earnings Call, May 15, 2013

Olam International Limited announced that they will report Q3, 2013 results Pre-Market on May 15, 2013