Olam reports robust 2020 performance By Anthony Myers Olam has reported a strong operating performance across its new structure, which includes its cocoa business in Olam Food Ingredients (OFI). The company said revenue was up 3.3% to S$12.5bn ($9.1bn), mainly driven by volume growth as well as higher average selling prices in the Value-added Food Ingredients & Solutions segment. Results Snapshot H2 2020 Operational PATMI up 90.1% to S$475.7 million Lower reported PATMI in H2 2020 (-S$87.0 million) and 2020 (S$245.7 million) from prudent one-off impairment mainly from Olam Palm Gabon (OPG) Strong operating performance growth of 43.3% for OFI in H2 2020 after Covid-19 impact in H1 2020