Singapore's Olam says Q2 profit rises 28.5 pct
SINGAPORE, Aug 14 (Reuters) - Singapore-based commodity trader Olam International reported a 28.5 percent rise in its second-quarter profit, helped by strong performances across its major business segments, especially in the food category.
The company reported a profit of S$147.7 million ($108.6 million) for the three months ended June compared with S$114.9 million a year earlier. Operational profit, which excludes exceptional items, rose 34.1 percent to S$154.0 million.
Olam, which counts Singapore state investor Temasek Holdings and Japan's Mitsubishi Corp as its largest shareholders, is a major player in markets for a number of commodities including cocoa, coffee and edible nuts. ($1 = 1.3601 Singapore dollars) (Reporting by Aradhana Aravindan; Editing by Richard Pullin)