BRIEF-Malaysia's IOI Q2 net profit up 174 pct

Feb 10 (Reuters) - IOI Corp Bhd:

* Malaysia's IOI says Q2 net profit at 461.2 million rgt versus 168.6 mln rgt

* Malaysia's IOI says optimistic about financial performance in FY

2010

* Malaysia's IOI says average palm oil price realised in q2fy2010 at

2,225 rgt/t versus 3,081 rgt a year ago.

* 'The higher profit is due mainly to higher profit contributions from the property and manufacturing segments and unrealised translation gain on USD denominated borrowings.'

* 'The plantation segment reported a 39% decrease in operating profit to RM319.9 million for Q2 FY2010 as compared to RM527.8 million for Q2 FY2009. The lower profit is due mainly to lower CPO prices realised as well as lower FFB production.'

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