Tough market conditions hit Olam Group’s bottom line

Tough market conditions hit Olam Group’s bottom line

Financial performance disappoints despite increased sales volume in 2018

Sales were up by 46 percent in volume year-on-year by more than 32.8 million metric tons for Singapore-based agri-food firm, Olam Group, according to the annual fiscal results published recently. At almost SG$30.5 billion (US$22.5 billion), the value of those sales was 16 percent higher than in 2017.