Foreign currency translation loss and lower contribution from all segments impacted IOI Corp's net profit in the third quarter ended March 31, 2020.
KUALA LUMPUR: IOI Corporation Bhd
posted net profit of just RM100,000 in the third quarter ended March 31,2020 versus RM245.80mil a year ago due to the foreign currency translation loss and lower contribution from all segments.
It said on Wednesday its profit before tax was RM52.60mil, down by 85.6% from RM365.40mil a year ago. Its revenue rose by RM7.6% to RM2.03bil compared with RM1.89bil a year ago.
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