Olam posts flat annual core earnings

SINGAPORE: Singapore’s Olam International Ltd posted flat annual core earnings, hampered by weaker sales in the latest quarter as the company exited or downsized businesses. The commodities trader reported earnings before interest, tax, depreciation and amortisation (Ebitda) of S$1.17 billion (RM2.95 billion) for the year ended June 30, down 0.2 per cent and less than a consensus estimate of S$1.23 billion from analysts polled by Thomson Reuters I/B/E/S. Reuters