IOI Corporation announced stronger-than-expected net profit of RM350 million for its second quarter of FY2025, leading to a 1.8% rise in its share price. The robust performance was attributed to higher crude palm oil prices and improved downstream segment contributions, signaling positive market reception to its results.
IOI Corporation (IOI Corp, stock code: 1961) today announced strong results for its second quarter of financial year 2025, with net profit reaching RM350 million, surpassing market expectations. This impressive performance was primarily attributed to the increase in crude palm oil (CPO) prices and improved contributions from its downstream refining operations. Following the announcement, IOI Corp's share price surged by 1.8%, closing at RM4.15 per share. The company's management expressed optimism for the outlook in the coming quarters, anticipating CPO prices to remain at healthy levels, while efficiency improvements in the downstream business are also expected to continue driving profit growth. Analysts generally upgraded IOI Corp's earnings forecasts and target prices, believing that its strategic positioning in sustainable palm oil production and value-added products will provide it with a long-term competitive advantage. These results also boosted confidence across the entire plantation sector.
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