IOI Corp Q3 net profit drops almost 38pc on paper loss of RM144m

KUALA LUMPUR: IOI Corp Bhd’s net profit dropped 37.6 per cent year-on-year (YoY) to RM123.1 million in the third quarter ended Mar 31, 2024 (Q3FY24) on paper losses from foreign currency exchange and fair value adjustments RM144 milion in the quarter.