Tuesday, August 24, 2010

#Flash* IOI Corp posts RM2b earnings for FY10

KUALA LUMPUR: IOI Corp Bhd posted RM2.03 billion in net profit for the financial year ended June 30, 2010, which was more than double the earnings of RM983.52 million in FY09.

The PLANTATION [] heavyweight said on Tuesday, Aug 24 that revenue was lower at RM12.54 billion compared with RM14.60 billion in the previous financial year.

For the fourth quarter ended June 30, 2010,'' its net profit was RM547.05 million compared with RM487.07 million. Revenue was RM3.06 billion compared with RM3.12 billion. Earnings per share were 8.57 sen versus 8.21 sen.

It proposed a dividend of 10 sen per share compared with two sen a year ago.

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