Monday 21 November 2011

IOI declines on 48% Q1 profit drop

IOI Corp, Malaysia’s second-biggest palm oil planter by market value, fell to a five-week low in Kuala Lumpur trading after reporting a 48 percent drop in first-quarter profit.

Its shares declined 1.6 percent to RM4.98 at 9:05 a.m. local time, set for their lowest close since Oct. 11. -- Bloomberg



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