PPB reports 30% jump in 4Q net profit

KUALA LUMPUR: PPB Group Bhd saw its net profit in the fourth quarter ended Dec 31, 2021 (4Q21) jump 30.4% to RM502.55mil from RM385.39mil a year ago.

The higher profit was mainly attributable to higher contribution from Wilmar International Limited by 23% to RM476mil and lower losses recorded at the film exhibition and distribution segment at RM13mil, partially offset by losses recorded at the grains and agribusiness segment at RM13.7mil.