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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

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!

PPB Group , dividend , Wilmar , MBO , agribusiness

   

Next In Business News

Oil gains 1% on hopes of firmer demand
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
Muhibbah rides on Cambodian tourism uptick
Feytech gears up for expansion to meet growing demand
Ready to rise up the ranks again
SC working overtime to combat spread of scams
Russia and Malaysia sign tax agreement
MGB ACHIEVES 23% PROFIT SURGE IN 1Q24
GDP up 4.2% in 1Q24
Chinese firms invest in ‘green’ jet fuel

Others Also Read