PPB net profit rises 15%


PETALING JAYA: PPB Group Bhd’s net profit for its third quarter ended Sept 30 rose year-on-year by 15% to RM286.1mil on the back of revenue in the quarter rising by 6.5% to RM830.4mil.

Earnings per share rose as well to 24.13 sen from 21.02 sen.

PPB said in its Bursa Malaysia announcement that most divisions reported higher revenue except for the environmental engineering and property segments.

The company said that profits were driven by the better performance from the flour and feed milling, and the grains trading and livestock segments.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Business , ppb group bhd

   

Did you find this article insightful?

Yes
No

Next In Business News

Ho Wah Genting gets NPRA approval for health supplement
Shell Malaysia to cut 250 to 300 upstream jobs over two years
Cymao bags RM134m contract for mixed devt project in Perak
Singapore’s GK Goh weighs US$300m Boardroom sale
KLCI tracks higher as US stimulus hopes lift
Asian fixed income to continue to perform, Manulife says
Asian shares hit a record high after Yellen calls for big spending
RHB Research keeps Buy for TSH Resources at RM1.25
Millions rush into bullish China stocks, euphoria spills into Hong Kong
Oil extends gains on hopes of US stimulus and crude stocks drawdown

Stories You'll Enjoy