Olam's net profit down 12% to $118.7m in Q4

Blame it on currency volatility.

Olam International today reported that its net profit slipped 12% year-on-year to $118.7m in the fourth quarter on back of lower earnings and higher taxes.

Olam's earnings was undermined by underperformance in hazelnuts, Dairy farming in Uruguay and the adverse impact of currency devaluation, leading to a 10.3% reduction in EBITDA in the quarter.

Olam's top line was impacted by the severe and concurrent currency devaluation against the US dollar across its major markets, including Russia, Nigeria, Brazil and Australia and to a lesser extent Turkey, Mozambique and Indonesia.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia