PPB margins affected by rising raw materials costs, supply disruptions

PETALING JAYA: PPB Group Bhd’s expectation for an improved performance in 2022 could be tempered by the rising cost of raw materials as the Russia-Ukraine conflict continues to jolt supply chains and push commodity prices higher.

According to PPB managing director Lim Soon Huat, the rising cost of raw materials will affect margins, particularly for its grains and agribusiness segment – which is the largest contributor to group revenue.