KUALA LUMPUR: PPB Group Bhd’s net profit rose three-fold to RM304.47 million in the second-quarter (Q2) ended June 30, 2018 from RM93.19 million in the same period a year ago.
This was derived from improved grains and agribusiness and environmental engineering and utilities segments, it said in an exchange filing today.
PPB group’s Q2 revenue jumped 2.86 per cent to RM1.08 billion from RM1.05 billion due to contributions from property and investments divisions.
For the first-half (1H) of 2018, PPB group’s net profit increased14.44 per cent to RM493.98 million from RM431.63 million, while revenue jumped 7.21 per cent to RM2.23 billion from 2.08 billion.
“With the Malaysian macroeconomic fundamentals remaining intact, the group's main business segments are expected to perform satisfactorily in year ending December 31, 2018.”
The company said its financial results will continue to be supported by the business performance of Wilmar.