Vietnam cinema venture to boost PPB earnings

Golden Screen Cinemas Group chief executive Koh Mei Lee.

KUALA LUMPUR: PPB Group Bhd, which has set aside RM161mil over three years to expand its entertainment business, expects its cinema investment in Vietnam to double its profit contribution for the current year compared to 2015.

PPB, with its main business in grains and agribusiness, owns Golden Screen Cinemas Sdn Bhd, which had recently increased its shareholding in Vietnam-based Galaxy Studio Joint Stock Co from 25% to 40%.