OIB earnings down 4.5% in first quarter

The drop in profit was due to a decline in contribution from its property development, general construction and oil palm cultivation segments, OIB said.

PETALING JAYA: Oriental Interest Bhd’s (OIB) net profit for the first quarter ended Nov 30, 2022 fell by 4.5% year-on-year (y-o-y) to RM11.18mil or earnings per share of 2.41 sen.

The fall in profit is due to a decline in contribution from its property development, general construction and oil palm cultivation segments, OIB said in a filing with Bursa Malaysia yesterday.