, Singapore
180 views
Logo from Olam Group

Olam Group’s FY23 PATMI drops 55.7% YoY 

PATMI for the period was $278.7m.

Olam Group ended the financial year 2023 with a 55.7% YoY lower profit after tax and minority interests (PATMI) of $278.7m.
The company’s full-year PATMI declined despite a 10.1% YoY growth in its Earnings Before Interest and Taxes (EBIT).

In a bourse filing, Olam Group said a full-year impact of higher interest rates, lower contribution from Olam Agri following its 35.4% stake sale to the Saudi Agricultural and Livestock Investment Company (SALIC), and higher exceptional losses offset its double-digit EBIT growth.

Despite a lower PATMI, the board recommended a final dividend of $0.04 per share, taking the full-year dividend to $0.07.

Meanwhile, the group announced the launch of a share buyback programme for up to 5.0% of total outstanding shares at its upcoming Annual General Meeting in April.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Event News

Event News

SBR National Business Awards 2024 Winner: Wiseasy Technology Pte Ltd Cards & Payments
Lay Cheng Tan, Co-Founder & Chief Investment Officer, and Mayank Raheja, Managing Director (EMEA & SA) of Wiseasy Technology Pte Ltd, provided insights into preventing fraud and inefficiency with the WiseQ QR Payment Solution.
Cards & Payments SBR National Business Awards 2024 Winner: Wiseasy Technology Pte Ltd
Lay Cheng Tan, Co-Founder & Chief Investment Officer, and Mayank Raheja, Managing Director (EMEA & SA) of Wiseasy Technology Pte Ltd, provided insights into preventing fraud and inefficiency with the WiseQ QR Payment Solution.