SINGAPORE (Reuters) - Singapore-based commodity trader Olam International Ltd reported a 213 percent rise in its first-quarter profit to S$113.6 million ($83 million) on lower exceptional charges compared with a year ago.
However, operational profit, which excludes one-off items, fell 5.5 percent to S$126.1 million, due to lower contributions from its edible nuts, spices & vegetable ingredients and commodity financial services segments.
Revenue rose 10.2 percent for the quarter ended March 31, the company said in a statement on Friday.
Singapore-based Olam, which counts Singapore state investor Temasek Holdings and Japan's Mitsubishi Corp as its largest shareholders, is a leading player in markets of a number of commodities including cocoa, coffee and edible nuts.
($1 = 1.3728 Singapore dollars)
(Reporting by Aradhana Aravindan; Editing by Stephen Coates)
