Olam, Singapore owner of Argentine and Uruguay farms profit slumps

Photo: CEO Sunny Verghese Olam Olam International Ltd., a Singapore commodity trader controlled by the city’s state investment company and owner of considerable land holdings in South America, reported a 30 percent drop in third-quarter profit as sales of food staples declined and subsidiary like New Zealand Farm Systems continued to struggle.  Olam purchased 100% of NZFS in 2012 from its New Zealand based shareholders hoping to turn this 49 farm, 85,000 stock units around from previous years of below par…
Real Estate and Investment News from South America
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