IOI Corp Bhd is looking to turn in another record performance for its current financial year ending June 30, 2005, spurred by a projected 15% increase in crude palm oil (CPO) production by its plantation division.
“Judging by the high fresh fruit bunches (FFB) yield in the first quarter (July to September), we believe it's going to be another record year,” said executive chairman Tan Sri Lee Shin Cheng. Last year, the group's total FFB yield was about three million tonnes.
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