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IOI Corp Q2 earnings down 68% on forex loss, lower operating profit


KUALA LUMPUR: IOI Corporation Bhd 's net profit fell 68% in the second quarter ended Dec 31, 2018 due to lower operating profit and net foreign currency translation loss on foreign currency denominated borrowings and deposits .

The plantation company said on Wednesday its net profit fell from RM595.90mil a year ago to RM195.50mil.

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