KUALA LUMPUR (Nov 13): IOI Corp Bhd shares fell 4.01% this morning after the group posted a 60% decline in net profit for the first quarter ended Sept 30, 2018 (1QFY19) to RM143.8 million from RM360 million a year ago, on lower operating profit and a currency translation loss on foreign currency-denominated borrowings and deposits.
At 9.30am, IOI Corp fell 18 sen to RM4.31 with 217,100 shares done.
The group's 1QFY19 earnings per share declined y-o-y to 2.29 sen from 5.73 sen. Revenue for 1QFY19 saw a slight uptick of 0.54% to RM1.88 billion from RM1.87 billion a year ago.