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PPB Group Bhd chalked up a 84% rise in pre-tax profit to RM171mil in the second quarter to June from RM93.2mil in the same period last year due to higher palm product prices and better performance in its edible oils refining, sugar refining, grain and feed-milling divisions.
THIS year is going to be a bumper crop year for many plantation companies. However, their earnings growth in the next financial year is likely to be weaker due to expectations of softening crude palm oil (CPO) prices.
PPB Oil Palms Bhd reported yesterday a 56% increase in pre-tax profit to RM47.57mil for the second quarter ended June 30 from RM30.4mil in the corresponding quarter of last year.
The KL Fashion Week 2003 gala dinner will see a stream of corporate elites turning up at the Mandarin Oriental Kuala Lumpur on Aug 19.