IOI’s Q4 earnings jump more than 50%

IOI Plantation segment profits up significantly

PETALING JAYA: IOI Corp Bhd’s net profit for the fourth quarter (Q4) ended June 30 increased by over 50% year-on-year (y-o-y) to RM359.4mil, mainly due to stronger contribution from all business segments.

Revenue for the three-month period rose by almost 70% y-o-y to RM3.46bil as compared to RM2.04bil in the corresponding previous quarter.