IOI Corp Bhd’s net profit for the third quarter ended March 31, 2025, surged to RM262.3 million, more than doubling from RM123.1 million a year earlier, driven by higher crude palm oil (CPO) and palm kernel prices.
Quarterly revenue rose 11.1% to RM2.74 billion despite lower fresh fruit bunch production and oil extraction rates in the plantation segment.
For the nine months ended March 31, 2025, net profit climbed 42.2% to RM1.08 billion, with revenue increasing 18.6% to RM8.37 billion.
Looking ahead, IOI expects CPO prices to ease to RM3,700-RM4,000 per metric tonne in the final quarter but anticipates improved fresh fruit bunch output to support earnings.
Its shares closed up 1.09% at RM3.72 today, valuing the group at RM23.38 billion. — TMR
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