Staff Reporter
,
Singapore
Badly hurt by higher tax charges.
According to OSK, Olam 4Q profit fell by 48%. Hit by the jump in tax charges, Singapore commodities firm Olam’s 4QFY13 profits fell by 48% y-oy to SGD56.8m.
Here's more:
The results came in much lower than the consensus estimates of SGD75.4m. Tax charges increased to SGD50.6m compared to a net tax credit of SGD8.2m last year. Commenting on the outlook, the company said that the near-term macroeconomic conditions remain challenging.
Join Singapore Business Review community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!