Oleochemical challenge for IOI Corp

IOI Corp said the lower earnings were due to lower contributions from all segments.

PETALING JAYA: IOI Corp Bhd expects the outlook for its oleochemical sub-segment to remain subdued, in light of the weak global economic environment and rising geopolitical tensions that undermined global trade.

In a filing with Bursa Malaysia, the company said the expected better demand from China will help to alleviate some of the global demand slowdown.