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Olam International: A dividend surprise

2Q10 core earnings up 39% y-o-y to S$67.8m, in line. Declares interim dividend for the first time – 2 SctsContribution from recent acquisition marginal except SK Food;US$31.5m greenfield project in Ghana wheat mill announcedFY10F revised up 33% to account for S$91.1m negative goodwill from acquisition of SK Foods assetsExpect continued investments backed by recent ...

 

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