Going forward, analysts warn of softer quarterly earnings for the group as crude palm oil is likely to undergo further price corrections.
PETALING JAYA: IOI Corp Bhd
got off to a strong start, with a core net profit of RM618.5mil in the first quarter of the financial year 2023 (1Q23), up 4.6% quarter-on-quarter (q-o-q) and 43.3% year-on-year.
Analysts, however, generally warned of softer quarterly earnings ahead for the group as crude palm oil (CPO) is likely to undergo further price corrections.
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