Revenue for the three months to Sept grew 41.7% to $6.7 billion from $4.7 billion a year ago while sales volume grew 54.3% to 5.8 million MT from 3.8 million MT.
Operational PATMI, which excludes exceptional items, grew 17.1% to $24.0 million from $20.5 million while EBITDA grew 18.2% to $243.0 million on growth in the Edible Nuts, Spices & Vegetable Ingredients, Food Staples & Packaged Foods and Industrial Raw Materials, Ag Logistics & Infrastructure segments.
Th group generated positive Free Cash Flow to Firm (FCFF) of $1.1 billion for 9M17.
As at end Sept, Olam had a net gearing of 1.82 times compared to 1.99 times at December 31, 2016.
In its outlook, Olam says its diversified and well-balanced portfolio provides a resilient platform to navigate the challenges in both the global economy and commodity markets while expecting macro-economic uncertainties to continue through the year.
Olam will continue to execute on its strategic plan and pursue growth in its prioritised platforms. It remains focused on turning around underperforming businesses, ensuring gestating businesses reach full potential and delivering positive free cash flow.
Shares in Olam are down 4 cents at $2.28.
