Bigger contribution: The drop in IOI Corp’s earnings for the first nine months of FY19 was partially cushioned by higher contribution from its resource-based manufacturing division.
PETALING JAYA: IOI Corp Bhd’s profitability for the financial year 2019 (FY19) is expected to be affected by lower margins due to weak crude palm oil (CPO) prices.
However, Affin Hwang Capital Research sees earnings for the plantation group to improve in FY20-FY21 on the back of better CPO production and prices.
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