Agribusiness

Despite the softened results, the firm said it stayed resilient.

The government halted its production and import of live pigs from Pulau Bulan in April 2022.

The palm oil firm stayed resilient by building its logistics capabilities. 

It will use the proceeds of the facility to refinance its existing loans.

The agri-food firm’s net PATMI declined 73.9%, on a yearly basis.

The company attributed the decline in low-cycle production.

The record sales propelled its underlying net profit to US$334.2m.

The firm’s downstream and upstream businesses helped in the growth.

Kuok Khoon Hong acquired his additional stake at $3.93 per share.

The group attributed the increase to higher profit from all its key segments. 

EBITDA is also 91.2% higher than a year ago.

It achieved record core net profit for the first nine months of the year.

Olam unit secures loan from 19-bank consortium.

The facility was based on Poseidon Principles.

The firm recorded a gross profit of $117m (US$85.9m).