This performance reflects resilience amid volatile commodity markets, driven by strong contributions from its core segments in food products, feed, industrial products, plantations, and sugar milling.
Olam Agri’s performance, despite being reported as discontinuing operations ahead of its planned full divestment, remained robust with revenue increasing 12.7%.
The deal builds on Aboitiz Foods’ established expansion strategy in Asia
The Group says the closure supports efforts to reduce debt and make the business self-sustaining.
This financial boost comes at a crucial time as ofi continues to expand its footprint in the milling and baking sectors.