PPB Group Bhd posted a lower net profit in the third quarter ended Sept 30 due to the higher cost of raw materials in its grain trading and flour and feed milling operation.
In a statement to Bursa Malaysia, the company said net profit declined nearly 6% to RM96.9mil, from RM102.8mil in the corresponding period last year. This represented a lower earnings per share of 17.97 sen, versus 20.96 sen before.
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