IOI Corporation Berhad announced better-than-expected latest quarterly results, with net profit surging 15% year-on-year. The robust performance was primarily attributed to its strong palm oil business segment and favorable crude palm oil (CPO) prices. This positive development signals healthy operational efficiency and strong commodity market conditions benefiting the plantation giant.
IOI Corporation Berhad today announced its third-quarter results for the period ended December 31, 2026, reporting a net profit of RM350 million, a 15% increase year-on-year. Revenue also grew by 10% to RM2.52 billion. The company attributed the growth primarily to persistently high crude palm oil (CPO) prices and strong performance from its downstream specialty fats business. Profitability in the palm oil plantation segment improved significantly, offsetting some increases in raw material costs. IOI Corp's management expressed optimism for the coming quarters, expecting continued earnings growth driven by favorable commodity prices and operational efficiencies. The company's share price rose 0.8% to RM4.05 today.
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