Article: IOI third quarternet profit down 94pc to RM37.3m


New Straits Times
05-16-2009
IOI third quarternet profit down 94pc to RM37.3m
Edition: Main/Lifestyle
Section: Business Times
Type: Company

IOI Corp Bhd's net profit in the third quarter ended March dived 94 per cent to RM37.3 million from RM601.6 million in the comparable quarter a year ago, due to foreign exchange losses on its foreign denominated loans and lower crude palm oil (CPO) prices.

In a statement yesterday, Malaysia's most valuable planter said revenue dipped to RM3 billion from RM3.5 billion, dragged by an unrealised translation loss on its US dollar ...

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