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Article: IOI Corp heads for another record year
- Article from:
- New Straits Times
- Article date:
- October 30, 2007
- Author:
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Zaidi Isham Ismail
New Straits Times
10-30-2007
IOI Corp heads for another record year
Byline: Zaidi Isham Ismail
Edition: Main/Lifestyle
Section: Business Times
Type: Company
IOI Corp Bhd, Malaysia's most valuable plantation firm, expects to set another record year in 2008, riding on strong crude palm oil (CPO) prices, robust property sales and growing oleochemical demand.
The group reported a 78 per cent surge in net profit to a record RM1.4 billion in the year ended June 2007, on the back of a record RM8.9 billion revenue.
About half of its earnings is derived from plantations, followed by property (30 per cent) and manufacturing activities (20 per cent).
"We already achieved a record year ...