Lower profit: IOI’s plantation profit for the fourth quarter fell 3 to RM195.1mil compared to RM201.6mil a year ago.
PETALING JAYA: Plantation firm IOI Corp Bhd
fell into the red during the final quarter of its 2016 financial year (Q4 FY16) with a net loss of RM59mil arising from lower operating profits and foreign exchange translation losses.
The company posted a revenue of RM2.82bil. Cumulative net profit and revenue for FY16 stood at RM629.7mil and RM11.74bil, respectively.
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