IOI Corp Q409 net profit falls 18% y-o-y

KUALA LUMPUR: IOI Corp reported a net profit of RM487.1mil for its fourth quarter ended June 30, 18% lower than the RM597.3mil recorded for the same quarter last year mainly on lower profit contributions from the plantation and manufacturing segments as well as an impairment loss of RM242.8mil recognised on a development property in Singapore.

The board declared a third interim single tier dividend of 20% or 2 sen per ordinary share of 10 sen each for FY09 which is not taxable in the hands of the shareholders.