IOI Corp Bhd announced a 15% year-on-year increase in net profit for its fourth quarter to RM350 million, surpassing market expectations. Stable palm oil prices and robust performance from its downstream operations were key drivers. The company anticipates a resilient palm oil market for 2024, contributing positively to its outlook.
Palm oil giant IOI Corp Bhd announced encouraging fourth-quarter results, with net profit for the quarter ended December 31, 2025, surging 15% year-on-year to RM350 million, surpassing analysts' consensus estimates. This growth was primarily driven by stable crude palm oil (CPO) prices and robust performance from its downstream manufacturing operations. In its earnings report, the company highlighted that CPO prices remained at a healthy level of approximately RM4,000 per tonne, providing a solid foundation for its upstream plantation segment. IOI Corp's management expressed cautious optimism for the 2024 market outlook, anticipating a resilient palm oil market and continued focus on cost control and efficiency improvements to navigate potential challenges.
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