By Chris Howells
SINGAPORE: Commodities supply chain manager Olam International said its third quarter net profit rose 2.6 per cent to some S$89 million. This was due to strong growth in all four of its main business segments.
Revenues for the third quarter rose 18.4 per cent to S$2.7 billion.
In the first nine months of the 2010 financial year, Olam's net profit rose 30.1 per cent to S$267 million as revenues increased 19 per cent to S$7.3 billion.
Olam saw strong growth in edible nuts, spices and beans, food staples and packaged foods and industrial raw materials on the back of stronger demand.
But its confectionary and beverage ingredients business grew at a relatively slower pace because of a short crop in cocoa in Ivory Coast and a short crop of coffee in Columbia.
Olam said it is on track to achieving its growth targets for the year.
Sunny Verghese, MD & CEO, Olam, said: “We've seen a fairly strong first quarter. I think there are some uncertainties about the current potential sovereign European debt contagion.
“But the fourth quarter of last year and first quarter of this year has been a pronounced uptick in demand and market sentiment. So far we see that continuing. The first two months of the second quarter has been along those trends.” - CNA/vm
杜拜也水浸 世紀暴雨恒常化 – 香港經濟日報 – 趨勢 – 趨勢分析 – 國際
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杜拜水浸受到國際傳媒鋪天蓋地報道,之所以如此矚目,相信因為情況罕見、反常,就好比新加坡落雪,是極少在當地出現的氣候現象。乾旱如杜拜也出現洪水級暴雨,引發廣發水浸,可見全球暖化的可怕之處,很多城市都未準
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