Investor Relations

Press Releases

Friday, 02 March 2018

Pre-Tax profit up to 7% to RM1.29 billion for year 2017


  • PPB Group revenue rose 3% to RM4.31 billion in FY2017 mainly attributed to higher revenue generated from Grains and Agribusiness; Consumer Products; and Film Exhibition and Distribution.
  • Group pre-tax profit of RM1.29 billion was 7% higher than FY2016 mainly due to higher profit contribution from our 18.5% associate, Wilmar International Limited (Wilmar) which contributed RM0.97 billion for FY2017.
  • Profit for the year was RM1.24 billion and earnings per share was 101.68 sen for FY2017.


A final single tier dividend of 22 sen per share for FY2017 will be tabled for approval by PPB shareholders at the Annual General Meeting to be held on 15 May 2018. The final dividend is payable on 31 May 2018 to shareholders whose names appear in the Record of Depositors on 18 May 2018.

Together with the interim single tier dividend of 8 sen per share, the total dividend paid and payable for FY2017 would be 30 sen per share (FY2016 : 25 sen per share).


The results of PPB’s business operations for 2017 are summarised as follows :-

  • Revenue from the Grains and Agribusiness segment was up 5% to RM3.01 billion mainly attributed to the increase in flour sales volume in Vietnam and Malaysia, coupled with higher feed sales volume and selling prices in Malaysia. Segment profit decreased due to lower profit margin of flour.
  • Consumer Products segment revenue grew 10% to RM685 million due to higher revenue from edible oils, bakery products as well as sales of other in-house products and agency products. Segment profit improved mainly from a one-time gain of RM8.0 million from sale of land and building in 2017.
  • Revenue from the Film Exhibition and Distribution segment grew by 3% to RM481 million in FY2017 mainly due to contribution from new cinemas opened in 2017. Segment profit declined arising from the lower admission rate and increased film exhibition operating costs which were partially mitigated by an increase in average ticket prices and improved concession sales.
  • The Environmental Engineering and Utilities segment registered a lower revenue of RM130 million for FY2017, down 30% compared with FY2016, as most of the environmental engineering projects secured before FY2017 were at their completion stages whilst new projects secured in 2017 only began to contribute from 4Q2017. Segment profit increased by 4% to RM6.4 million due mainly to lower operational expenses and improved contribution from on-going projects.
  • Revenue from the Property segment decreased by 14% due to lower rental income, lower project management fees and the completion of the Taman Tanah Aman project in 2016. Segment profit reduced in line with the lower revenue to RM4.6 million.
  • Combined revenue from Investments and Other Operations was marginally lower at RM139 million for FY2017 due to lower revenue from the packaging division. The combined segment profit improved by 37% to RM9.4 million due to lower losses in the packaging division and higher dividend income.


The Malaysian economy is expected to maintain its positive growth momentum, driven mainly by domestic demand and the spillover effect of global growth.

The Grains and agribusiness segment is expected to perform satisfactorily amidst a competitive operating environment. Performance of the Consumer products segment is expected to remain stable. The Film exhibition and distribution business is expected to be supported by its newly-opened cinemas in Malaysia and Vietnam. The Environmental engineering and utilities segment will focus on timely completion of on-going projects and participate in tendering for prospective projects. The launch of the Megah Rise project in Petaling Jaya in November 2017 is expected to contribute positively to the Property segment going forward.

Against the backdrop of a positive growth momentum in the domestic and global economies, the Group's main business segments are expected to perform satisfactorily in FY2018. The overall Group financial results will continue to be supported by the business performance of Wilmar.

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