KUALA LUMPUR – Malaysian palm oil plantation group, IOI Corporation Bhd.Booked, the profits of the company in the last quarter which ended on December 31st, 2014 drastically decreased to be RM19.60billionns than the profits in the previous year which reaching RM487.10 billions.
The income of the group also fell down 1,9 % to be RM2.881bilions from RM2.939billions. Beside that, based on the financial report, the profits from the plantation decreased 4 % to be RM297.3 billions than the profits in last year which reaching RM310.2 billions.
The decreasing profits happened for the lower crude palm oil price (CPO), palm kernel and the higher yield in the CPO. (T3)
