IOI Corp post 2Q net profit of RM111.1mil, declares 5c div/share

Quick Summary:

KUALA LUMPUR: IOI Corp Bhd said its bottomline was negatively impacted by forex losses and fair value losses in the second quarter ended Dec 31, 2024 (2QFY25), despite an improved performance in its plantations business.

On outlook, IOI project fresh fruit bunch production to recover strongly over hte next three months as the weather improves and the trees emerge from the low production season.

The group declared a first interim dividend of five sen per share, going ex on March 11, 2025, and payable on March 24, 2025.

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Category: EconomyBusiness

Markets: MalaysiaIndonesia

Topics: /Business/Business News

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Article Type: News Report

Published On: 2025-02-25 @ 13:32:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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