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%.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , gsc , ppb , cinema , vietnam , koh , Golden Screen , stocks , shares ,

   

Next In Business News

Eupe fourth-quarter profit rises 29%
Meta projects higher spending, weaker revenue
Buyout proposal for Anglo American could reshape copper market
A test bed for airline subscription model
Pantech seeks to list steel pipe units
AI memory boom propels SK Hynix’s numbers
Battery stocks’ rally in India likely to extend
Congo accuses Apple of using ‘blood minerals’ from war-torn east
Higher earnings for Pavilion-REIT
Airlines must now provide automatic refunds for cancelled flights

Others Also Read