IOI interim pre-tax profit doubles


  • Business
  • Wednesday, 19 Feb 2003

PLANTATION giant IOI Corp Bhd has turned in a sterling performance for its first half ended Dec 31, 2002, with group pre-tax profit almost doubling to RM414.2mil from RM215mil a year earlier, thanks to buoyant crude palm oil (CPO) prices. 

Group turnover rose by 73% to RM1.65bil for the six months under review from to RM954mil previously, while net profit improved by 95% to RM272.2mil. 

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