PPB Group Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
For nine months, revenue was MYR 2,957,714,000 against MYR 2,767,794,000 a year ago. Profit before tax was MYR 802,374,000 against MYR 732,217,000 a year ago. Profit for the period attributable to owners of the parent was MYR 710,290,000 against MYR 635,345,000 a year ago. Basic earnings per share were 59.91 sen against 53.59 sen a year ago. Net cash generated from operating activities was MYR 236,340,000 against MYR 202,332,000 a year ago. Purchase of property, plant and equipment, investment properties, biological assets and other intangible assets was MYR 150,772,000 against MYR 128,292,000 a year ago. The increase in revenue was primarily attributed to higher revenue from the grains and agribusiness, environmental engineering, and film exhibition segments. Consumer products, property, investments and other operations segments delivered lower revenue in the quarter and period to-date under review. For the nine months period, the group achieved a 10% increase in profit before tax compared to the same period a year ago, largely due to a foreign exchange translation gain on the share of Wilmar's results which are reported in US Dollars, as well as profits from most of the Group's business segments.