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Singapore-based commodities trader Olam International reported a 13.6% fall in H1 2018 profit after tax and minority interest (PATMI) compared with the same period in the previous year. This was despite revenues increasing by 11.4% to SGD13.72 billion (USD9.88 bln) and handled volume by 52.2% to 13.6 mln tonnes, due to a worse performance from the coffee, peanuts and edible oils sides of the business.
Saputo Inc reports “challenging” first quarter ended June 30 results, with lower EBITDA and adjusted net earnings offset by surging revenue led by international acquisitions.
Asian agribusiness giant Wilmar International reported an almost ten-fold increase in core net profit to USS352 million for the second quarter ended June 30, 2018, up from USD36 mln last year. Net profit increased five-fold to USD316 mln.
For the three-month period ended in June 30, Thai Union Group sales decreased by 2% compared with the same period last year, to THB34.1 billion (USD1.0 billion). Sales in the US are in decline against the backdrop of a growing market in Asia and the Middle East.
The Philippine-based tuna canner Century Pacific Foods Inc. reported a 7% net income increase to PHP1.57 billion (USD29.5 million) in the first half of the year.
Mexico's Grupo Lala intends to initiate operations in Guatemala at its new dairy processing plant in Palín, in a bid to reinforce Lala's presence in Central America and mitigate the damaging effects from the current tense political situation in Nicaragua.
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