<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on February 28, 2020</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: PPB Group Bhd’s net profit rose 58.1% to RM349.95 million for the fourth quarter ended Dec 31, 2019 (4QFY19), from RM221.34 million a year ago, mainly due to higher contribution from its associate Wilmar International Ltd.</p></div>

<div class=newsTextDataWrapInner><p>This improves PPB’s earnings per share to 24.6 sen for 4QFY19 compared with 15.56 sen for 4QFY18.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue grew 1.4% to RM1.18 billion from RM1.16 billion for 4QFY18, its exchange filing yesterday showed.</p></div>

<div class=newsTextDataWrapInner><p>PPB also proposed a final dividend of 23 sen per share for FY19, payable on June 2. This brings the total dividend for the year to 31 sen per share.</p></div>

<div class=newsTextDataWrapInner><p>For full FY19, PPB’s net profit grew 7.2% to RM1.15 billion versus RM1.08 billion for the previous year, while revenue rose 3.4% to RM4.68 billion from RM4.53 billion for FY18.</p></div>

<div class=newsTextDataWrapInner><p>PPB attributed the better FY19 earnings to a higher contribution from Wilmar of RM960 million, compared with RM837 million for FY18, as well as higher profits from the grains and agribusiness segment by 17% to RM213 million.</p></div>

<div class=newsTextDataWrapInner><p>Going forward, the group said its financial results would depend substantially on Wilmar’s business performance but sees its main business segments performing satisfactorily in FY20.</p></div>


KUALA LUMPUR: PPB Group Bhd’s net profit rose 58.1% to RM349.95 million for the fourth quarter ended Dec 31, 2019 (4QFY19), from RM221.34 million a year ago, mainly due to higher contribution from its associate Wilmar International Ltd.

This improves PPB’s earnings per share to 24.6 sen...

PPB Group ends FY19 on higher note, pays 23 sen dividend

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PARIS (April 25): BNP Paribas (BNPP) reported a fall in first-quarter profit and revenue on Thursday but beat analyst forecasts, as lower expenses and a strong performance in its corporate banking business offset flat or falling revenues elsewhere.

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The stock with positive momentum was:

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The Consumer Price Index — Malaysia’s main gauge of inflation — rose 1.8% year-on-year, according to the Department of Statistics. The headline figure was a tad lower than the median 2% rise predicted in a Bloomberg survey of economists, and unchanged versus February’s 1.8% gain.

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<p>Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.</p>

<p>The Consumer Price Index — Malaysia’s main gauge of inflation — rose 1.8% year-on-year, according to the Department of Statistics. The headline figure was a tad lower than the median 2% rise predicted in a Bloomberg survey of economists, and unchanged versus February’s 1.8% gain.</p>


<p>RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.</p>


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<p>Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.</p>


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<p>Benchmark S&amp;P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.</p>


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<p>The Court of Appeal has allowed a bid by Tan Sri Muhyiddin Yassin to have a bench of five judges to hear his review application to restore his acquittal by the High Court of four of his abuse of power charges last year.</p>

<p>His lawyer Chetan Jethwani said that Court of Appeal deputy registrar Muhammad Noor Firdaus Rosli informed the parties of the matter on Thursday morning during case management.</p>


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<p>Visa Inc recently reported impressive fiscal second quarter 2024 results, with net revenue increasing by 10% and payments volume growing by 8%.</p>


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<p>KUALA LUMPUR (April 25): Malaysia requires an annual allocation of at least RM10 billion for the next three years, which is crucial to boost water infrastructure amid below-cost tariffs and high wastage, the National Water Services Commission (SPAN) said on Thursday.</p>
