Profit before interest and taxation of IOI Group 2015-2023
The profit before interest and taxation of the IOI Corporation Berhad in 2023 reached approximately 1.8 billion Malaysian ringgit, showing a decrease from nearly 2.5 billion Malaysian ringgit in 2022. IOI's biggest income generates from the palm oil plantations, and the Malaysian company is one of the world's largest palm oil companies. Besides owning refineries in the US and the Netherlands, IOI also owns palm oil plantations in Indonesia, with Bumitama Gunajaya Agro as its associate company.