Worst is over; recovery ahead for Wilmar and PPB

Big business: Wilmar contributes a significant 70 to PPB’s profit. – Reuters

PETALING JAYA: Diversified conglomerate PPB Group Bhd’s overall earnings in recent years have been “contingent” upon the business performance of associate company Wilmar International Ltd, which is the world’s largest agribusiness trader.

This is due to Wilmar’s significant contribution, estimated at 70%, to PPB’s profit, according to analysts.