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IOI Corp Bhd has posted a lower pre-tax profit of RM159.8mil for the third quarter ended March 31, against RM173.6mil in the previous corresponding period, despite a 73% surge in revenue to RM1.123bil from RM650.6mil a year ago.
MALAYSIAN palm oil refineries will be able to compete on a #147;better playing field#148; with other oil seeds in India following the Indian government#039;s decision to reduce the tariff on refined, bleached and deodorised (RBD) palm oil and palm olein, said Malaysian Palm Oil Association (MPOA) chief executive M.R. Chandran.