KUALA LUMPUR: Plantation heavyweight IOI Corporation Bhd posted stroger earnings in the fourth quarter ended June 30, 2019 on lower net foreign currency translation loss on foreign currency denominated borrowings and deposits.
It said on Thursday its net profit rose by 30.1% to RM46.60mil from RM35.80mil a year ago. However, its revenue fell by 3.5% to RM1.738bil from RM1.802bil.
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