Firmer CPO price, downstream ops and property sales to support group

PETALING JAYA: While the first half of IOI Corp Bhd's financial year ending June 30, 2013 missed estimates by a tad, the company's second half is expected to be anchored by firmer crude palm oil (CPO) prices, its downstream operations and robust property sales, analysts said.

Its earnings in the three months to December declined 8% year-on-year and 12% compared with the first quarter, due to the lower contribution from its plantation segment, which makes up close to half of its total income.