PGF Capital earnings set for growth next year

PETALING JAYA: The recovery in the construction sector in Australia and renewed interest in the domestic construction and property development businesses are set to drive PGF Capital Bhd’s earnings next year.

The recovery in the Australian construction sector is paramount to the insulation producer’s bottom line, as currently 70% of its insulation products are exported to Australia and New Zealand, while the balance is catered to the local market.