KUALA LUMPUR: PPB Group Bhd
anticipates its core business segment, grains and agribusiness, will continue to perform satisfactorily in 2025, bolstered by the group’s expertise in grain sourcing and technical capabilities.
Group managing director Lim Soon Huat expressed confidence in the company's ability to navigate the complexities of the sector despite anticipated challenges and uncertainties in the global grain market.
These challenges are primarily driven by potential adverse weather conditions in key grain-producing regions, evolving government policies, and shifts in trade dynamics, he said.
"To stay ahead in the market, our key priorities include adopting competitive pricing strategies to retain customers and expand our market share, and remain committed to delivering high-quality products to our customers.
"We are also driving operational efficiency through plant modernisation and automation which will optimise costs while enhancing product quality and consistencies," he said during a media briefing on the group's financial performance for 2024 and outlook for 2025 today.
For the financial year ended Dec 31, 2024, PPB recorded a lower net profit of RM1.22 billion compared to RM1.39 billion in the preceding year, while revenue declined to RM5.39 billion from RM5.72 billion, mainly due to the absence of contributions from its divested Indonesian flour operations in 2023.
Meanwhile, Lim shared that PPB’s film and exhibition segment is showing promising signs of sustained growth in 2025, driven by an upward trend in box office performance, an stronger lineup of movie releases, and a steady recovery in cinema attendance.
PPB, which owns the Golden Screen Cinemas (GSC) chain, expects an increase in movie releases for 2025, including several notable local titles that could further support the ongoing recovery of the cinema industry.
"This recovery will be further aided by ongoing operational efficiency initiatives including cost optimisation efforts and enhanced customer experiences. We are confident that, with the positive trend and the management's efforts, the segment will achieve improved results in 2025," he added. - Bernama
