IOI profit surges to RM596mil on forex gain


KUALA LUMPUR: IOI Corp Bhd saw its earnings surge to RM595.9mil in the second quarter ended Dec 31, 2017 from the RM15.6mil a year ago, boosted by foreign currency translation gain.

The plantation heavyweight said in a filing with Bursa Malaysia its pre-tax profit surged over 1,000% to RM622.9mil from RM52.5mil a year ago.

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