Upstream operations set to boost IOI Corp's earnings

IOI Corp to continue riding on high CPO prices

PETALING JAYA: Rising crude palm oil (CPO) prices will continue to benefit IOI Corp Bhd, which is expected to see another strong performance for the fourth quarter of its financial year ending June 30,2021 (Q4’FY21).

The plantation conglomerate, which posted a significant jump in Q3’FY21 earnings on higher CPO prices, remains positive on the prospects of its upstream profit in the upcoming quarter due to the prevailing high CPO price.