IOI Corp’s Q1 net profit up 87% to RM278mil


Total FFB production for the first quarter of FY21 was 878,701 tonnes compared with 801,548 tonnes in the same quarter last year. (File pic shows IOI Plantation)

PETALING JAYA: IOI Corp Bhd has posted a 87% year-on-year (y-o-y) increase in net profit to RM277.9mil for the first quarter ended Sept 30.

During the quarter under review, the conglomerate’s revenue rose 39.5% y-o-y to RM2.5bil.

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IOI Corp , profit , oil palm , Covid-19

   

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