Profitable: Excluding the forex gain, IOI said the underlying pre-tax profit in Q2 was up 76% year-onyear at RM649.2mil on a 3.9% higher revenue of RM2.97bil.
* Benchmark Malaysian palm oil futures rose on short-covering on Friday following two sessions of losses and as surveys showed exports picked up in May, but lost more than 2 percent on the week, its second straight weekly decline.
* U.S. soybean meal futures climbed to 18-month highs on Friday as short-covering and concerns about tightening exports from Argentina, the top shipper of the livestock feed, helped to fuel gains.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
