Olam International (O32.SG) fiscal 1Q net profit likely +34.2% on-year at $25.5 million, revenue likely +5.8% on-year at $2 billion, according to Dow Jones poll of three analysts.
July-September usually seasonally weaker quarter for Olam as harvest of major crops starts in October. Still, earnings likely boosted on organic growth, contribution from previous acquisitions.
July-September usually seasonally weaker quarter for Olam as harvest of major crops starts in October. Still, earnings likely boosted on organic growth, contribution from previous acquisitions.
More keenly eyed: Market awaits outcome of Olam’s discussions with Louis Dreyfus Commodities for possible merger. “We turn cautious on Olam after a strong run on market interest in the possibility of a merger with Louis Dreyfus,” Nomura says in report, terming the earnings as a likely “non-event.”
Olam to report 1Q earnings on Nov. 11 after market close.