PPB Group net profit down 53% in third quarter

PETALING JAYA: PPB Group Bhd suffered a 53% drop in net profit after almost all segments posted reduced earnings in the third quarter ended Sept 30, 2023 (3Q23).

The conglomerate, controlled by Malaysia’s richest man Robert Kuok, however expects its biggest revenue contributor – the grain and agribusiness segment – to continue performing well in the last three months of the year.