IOI has also taken a number of steps to improve sustainability practices, including obtaining third-party verification on its progress towards implementing sustainable policies.
PETALING JAYA: IOI Corp Bhd
, which reported a weaker set of financial results for the second quarter ended Dec 31, expects a slight improvement in the third quarter, underpinned by firmer crude palm oil (CPO) prices and a decline in palm oil stocks.
Its net profit in the second quarter fell 68% to RM196mil from RM596mil a year ago due to lower operating profit and a net foreign currency translation loss on foreign currency-denominated borrowings and deposits.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
