Olam Group’s 2024 Annual Report Highlights Growth and Strategic Milestones

The latest announcement is out from Olam Group ( (SG:VC2) ).

Olam Group Limited has released its 2024 Annual Report, showcasing significant financial growth and strategic achievements, including EBIT growth, increased sales volumes, and improved cash flow. A notable milestone in their Re-organisation Plan is the proposed sale of a 44.58% interest in Olam Agri to SALIC for approximately US$1.78 billion, paving the way for further strategic options, including a potential IPO for ofi. The company continues to prioritize sustainability, with efforts to comply with the EU Deforestation Regulation and initiatives to enhance farmer incomes, alongside improving climate-related disclosures and ratings.

More about Olam Group

Olam Group Limited operates in the agriculture and food industry, focusing on providing a wide range of agricultural products and services. The company is involved in both organic and inorganic investments to expand its capabilities, particularly through its subsidiaries ofi and Olam Agri. Olam Group is also committed to sustainability and is actively working on initiatives to improve farmer incomes and meet regulatory requirements.

YTD Price Performance: -21.80%

Average Trading Volume: 11,784

Technical Sentiment Signal: Strong Buy

Current Market Cap: $2.62B

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