Olam: (S$1.61) 1Q16 earnings delivered by cocoa, wheat, cotton, and wood
- Headline 1Q16 net profit surged to $113.6m (+212.8% y/y) in absence of significant impairments booked in 1Q15
- Core net profit of $126.1m (-5.5%), achieved more than 30% of street FY16 estimates
- Revenue of $4.76b underpinned by a 10.5% increase in sales volume to 2.97m MT
- Overall EBITDA margin contracted to 7% (-0.9ppt)
- Currently valued at 10.7x forward P/E and 0.9x P/B
No comments:
Post a Comment