ofi

H1 2024 revenue increased 9.1% YoY to S$26.9 billion mainly on higher sales volumes. EBIT grew 8.3% to S$888.0 million with strong growth from ofi. PATMI held steady as EBIT growth was offset by the increase in net finance costs and higher taxes.   ofi saw a 71.5% YoY growth in EBIT to S$475.5 million on the back of a strong performance in the Ingredients & Solutions segment, which further reinforced the benefits of an integrated business model, a well-diversified portfolio, differentiated supply chain strengths and balance sheet flexibility to its customers.   Olam Agri's EBIT decreased 8.4% to S$512.0 million against a strong H1 2023. The Food & Feed - Processing & Value-Added segment delivers continued growth even against its exceptional H1 2023 results.   The Board has declared interim dividend of 3.0 cents per share, unchanged from H1 2023.   Read the full release here: https://lnkd.in/ggy8ziyf   #Olam1H2024Results

"The context of coffee farmers is very different, and therefore what you have to prioritise – and how you support them – is also different.” Our regenerative ag expert Piet van Asten shares his thoughts with IEMA on how to support coffee farmers facing the challenges of a changing climate and meet corporate carbon commitments. Thank you Catherine Early for the opportunity to contribute. #regenerativeagriculture #coffee #bethechange #climateaction https://lnkd.in/eUYB-B8E

Congratulations to the ofi coffee team! Our Aviv estates in Tanzania are one of the new private sector partners with USAID under the Feed the Future Food Loss and Waste (FLW) Accelerator. Scroll to page 3 below to read how the team is living our Purpose to Be The Change for Good Food and a Healthy Future by upcycling coffee waste into an exportable product while reducing methane and other GHG emissions. And be inspired by the innovations of fellow partners in #Kenya #Nepal and #Tanzania #Bethechange #superpollutants #methane #marketsystemsdevelopment #WhiteHouseSuperPollutantsSummit

ofi Chief Innovation and Quality Officer Kamesh Ellajosyula joined a panel of industry leaders at #IFTFirst2024 to discuss how companies can future proof their supply chains against climate change. He discussed the importance of data and challenged companies to get a firm understanding of their supply chain ingredients, sharing a few key questions that will help assess the health of their supply chains. You can learn more about ofi's sustainability strategy and data resources at ofi.com. #leadership #sustainability #choicesforchange

Congratulations to our class of 2024: graduates of Brasil’s Young Apprentice Program which supports young people aged 14-24 get their first foot on the career ladder through technical-professional training. This year, 10 apprentices joined ofi Brasil at our soluble coffee facility in Linhares, Espirito Santo to put theory into practice and where many of our full-time employees have grown their careers from starting as apprentices themselves. #WorldYouthSkillsDay #bethechange

Huge congratulations to our spices team for creating this exciting range of chili sauces, recognized at this year's Ecovia Intelligence Sustainable Food Awards. Made from upcycled chili pulp from our US-sourced chili peppers, these delicious Upcycled Food Association-certified sauces are a real taste of how we're living our purpose 'To be the change for good food and a healthy future'. #bethechange #awards #spices

Thank you to everyone who joined us in the Waikato for #fieldays2024. It was great to be back for the 3rd consecutive year at the Southern Hemisphere’s largest agriculture event. Over the 4 days, we had the opportunity to reconnect with familiar faces and create new connections within the agricultural and business communities. A highlight was the chance to share updates and insights with our farmer partners over a hot beverage made with ofi ingredients and roasted nuts from our orchards in Australia and Vietnam. Curious to see the highlights from Fieldays 2024? Our wrap-up video captures the essence of this awesome event. Check it out below. #makeitreal #waikato #ofi #newzealand

Want to optimize your cocoa production without breaking the bank? Look to deZaan black and dark cocoa powders for cost-conscious innovation. With deZaan's black and dark cocoa powder range, you get the same rich flavor, but with less powder. Reducing your cost in use, without compromising on quality. Innovate confidently with deZaan cocoa powders, knowing you're getting the best of both worlds. Discover the black and dark cocoa powder range today https://lnkd.in/g4nAhBZT #innovatewithconfidence #dezaan #blackanddarkcocoa #cocoapowder 

A living income for 200k farmers, >30% reduction in Scope 3 emissions, and 2 million hectares regenerated: a taster of the actions we’re choosing to deliver positive change by 2030, announced on today’s #SustainableGastronomyDay. This marks an exciting new chapter in our sustainability journey, building on the programs and partnerships we've been running for many years under our product-specific strategies for cocoa, coffee, dairy, nuts, and spices, to create a global ambition for ofi. With Choices for Change, ofi will provide global food brands and retailers, who are facing growing consumer and regulatory demands for sustainable products, with specific choices to deliver long-term impact across four critical pillars: Prosperous Farmers, Thriving Communities, Climate Action, and Regenerating the Living World. Impact will be achieved in partnership with farmers, governments, civil society and ofi’s customers, backed by our clear action plans and methodologies. Find out more about ofi’s new sustainability strategy: https://lnkd.in/e_N-ChSW #Bethechange #sustainability