Olam Group's SG-Saudi dual IPO plan for agri unit delayed again

Olam Group's SG-Saudi dual IPO plan for agri unit delayed again

FILE PHOTO-A man wearing a protective face mask walks past the Singapore Exchange (SGX) which stays open during "circuit breaker" measures to curb coronavirus COVID-19) in central business district area in Singapore, April 7, 2020. REUTERS/Edgar Su/File Photo

Olam Group said on Wednesday that the initial share sale in its agricultural unit would not happen by the first half of 2024, while reporting a 41% drop in annual underlying profit on high interest rates and lower contribution from Olam Agri.