PPB’s 4Q earnings falls by 24.2%

by TMR

PPB Group Bhd’s net profit plunged 24.2% year-on-year (YoY) to RM375.93 million, or earnings per share of 31.71 sen, in the fourth quarter (4Q) ended Dec 31, 2017, despite revenue rising 11.8% YoY to RM1.14 billion on higher turnover from all major business segments.

In an exchange filing yesterday, PPB noted its overall results going forward will continue to be supported by contribution from edible oil giant Wilmar International Ltd. PPB proposed a final single dividend of 22 sen per share for the quarter.