PPB Group: Rising fuel costs, volatile exchange rate to affect current year performance

KUALA LUMPUR: In the face of volatile commodity prices, billionaire Robert Kuok's PPB Group Bhd said its financials for 2011 would be affected by escalating fuel costs and fluctuating currency exchange rates.

“These are the main challenging factors, but the outlook for consumer demand in Malaysia and the Asian region remains encouraging and PPB Group is optimistic that the performance for 2011 will be satisfactory,” said PBB Group Bhd managing director Tan Gee Sooi in an analyst and media briefing yesterday.