On its property segment, PPB said it would continue to complete its existing projects and improve the yield of its existing investment properties. File picture shows an artists impression of PPB's Taman Mega project. (File pic)
PETALING JAYA: PPB Group Bhd
’s net profit for the second quarter ended June 30,2019 (2Q19) nearly halved by 47% to RM159.97mil from RM304.47mil a year ago, dragged by weaker contribution from both Wilmar International Ltd and the grain and agribusiness segment.
In a filing with Bursa Malaysia, the group said its profit contribution from Wilmar was lower at RM117mil for the quarter from RM230mil a year ago.
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