PPB earnings up 29.4% on higher contribution from Wilmar

PETALING JAYA: Conglomerate PPB Group Bhd recorded RM381.4mil in earnings for the third quarter ended Sept 30, 2016, a 29.4% increase from the same quarter a year ago, largely due to higher profit contribution from Singapore-listed associate Wilmar International Ltd.

The company told Bursa Malaysia that the share of associates and joint-venture profits was RM321mil for the quarter, compared with RM213mil a year ago.