IOI has also taken a number of steps to improve sustainability practices, including obtaining third-party verification on its progress towards implementing sustainable policies.
PETALING JAYA: IOI Corp Bhd
, which reported a weaker set of financial results for the second quarter ended Dec 31, expects a slight improvement in the third quarter, underpinned by firmer crude palm oil (CPO) prices and a decline in palm oil stocks.
Its net profit in the second quarter fell 68% to RM196mil from RM596mil a year ago due to lower operating profit and a net foreign currency translation loss on foreign currency-denominated borrowings and deposits.
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