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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.