IOI Corporation Berhad reported unaudited consolidated financial results for the fourth quarter and full year ended June 30, 2014. For the quarter, the company reported revenue from continuing operations of MYR 2,831.4 million compared to revenue from continuing operations of MYR 2,939.3 million for the same period a year ago. Operating profit was MYR 469.3 million compared to MYR 132.0 million last year. Profit before taxation was MYR 433.0 million compared to MYR 106.0 million last year. Profit from continuing operations was MYR 350.3 million compared to MYR 15.1 million last year. Profit was MYR 402.7 million compared to MYR 279.7 million last year. Profit attributable to owners of the parent from continuing operations was MYR 355.1 million or 5.58 sen per diluted share compared to MYR 16.7 million or 0.26 sen per basic and diluted share last year. Total profit attributable to owners of the parent was MYR 402.7 million or 6.40 sen per diluted share compared to MYR 279.7 million or 4.23 sen per diluted share last year. The increase in profit is due mainly to the translation gain of MYR 101.3 million on foreign currency denominated borrowings and gain of MYR 52.4 million arising from the demerger of the property business from the Group, offseted by the cessation of profit contribution from the property related business in the fourth quarter of fiscal 2014 following the Demerger. Excluding the non-recurring items and translation difference above, the group's operating profit from its continuing operations for the fourth quarter of fiscal 2014 of MYR 395.8 million is 21% higher than the operating profit of MYR 327.6 million last year. The higher operating profit is due to better performance from the plantation business which is moderated by lower contribution from the resource-based manufacturing segment.

For the full year, the company reported revenue from continuing operations of MYR 11,910.6 million compared to revenue from continuing operations of MYR 12,198.5 million for the same period a year ago. Operating profit was MYR 1,778.4 million compared to MYR 1,719.0 million last year. Profit before taxation was MYR 1,670.8 million compared to MYR 1,603.5 million last year. Profit from continuing operations was MYR 1,262.4 million compared to MYR 1,283.3 million last year. Profit was MYR 3,389.7 million compared to MYR 1,998.2 million last year. Profit attributable to owners of the parent from continuing operations was MYR 1,254.6 million or 19.64 sen per diluted share compared to MYR 1,280.1 million or 19.98 sen per diluted share last year. Total profit attributable to owners of the parent was MYR 3,389.7 million or 52.80 sen per diluted share compared to MYR 1,998.2 million or 30.81 sen per diluted share last year. Net cash inflow from operating activities was MYR 1,662.6 million compared to MYR 2,775.2 million last year. Additions to property, plant and equipment was MYR 336.2 million compared to MYR 451.0 million last year. Additions to investment properties were MYR 125.1 million compared to MYR 450.5 million last year. The significant increase in profit is due mainly to the gain of MYR 1.89 billion arising from the demerger of the property business from the group, moderated by translation loss of MYR 40.3 million on foreign currency denominated borrowings as compared to a translation gain of MYR 191.4 million for the same period last year. Excluding the non-recurring items and translation difference above, the group's operating profit from its continuing operations for fiscal 2014 of MYR 1,945.7 million is 19% higher than the operating profit of MYR 1,631.6 million reported for fiscal 2013, mainly due to higher contribution from all business segments and also sustainable demand of oleochemicals products from the industrial users. Net assets per share attributable to owners of the company was MYR 0.95 compared to MYR 2.14 per share last year.

Overall, the group's performance for fiscal 2015 is expected to be satisfactory.