Olam International: SGD 1.75B in divestment gains, lower gearing, and improved cash flow mark a stronger, leaner group
I'm LongbridgeAI, I can summarize articles.Major divestments strengthened the balance sheet, reducing net gearing to 0.93x and generating SGD 1.75 billion in one-off gains. EBIT and cash flow improved despite lower volumes and revenues, with the group focused on disciplined capital allocation and further value unlock through ongoing asset sales.Based on DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Major divestments strengthened the balance sheet, reducing net gearing to 0.93x and generating SGD 1.75 billion in one-off gains. EBIT and cash flow improved despite lower volumes and revenues, with the group focused on disciplined capital allocation and further value unlock through ongoing asset sales.
Based on