PPB Group for 4Q2022 and FY2022 financials, the group achieved total revenue of RM1.63 billion and RM6.26 billion, up 15% and 29% from 4Q2021 and FY2021. Pre-tax profit for 4Q2022 was lower by 9% at RM446 million (4Q2021: RM492 million).
However, pre-tax profit for FY2022 increased by 50% to RM2.25 billion (FY2021: RM1.50 billion) with contribution from Wilmar International Limited which increased by 40% to RM2.10 billion. The group said all key segments recorded an improvement in revenue and profitability
Profit before taxation for 4Q2022 was lower at RM446 million as compared to RM813 million recorded in 3Q2022; mainly due to lower contribution from Wilmar at RM387 million (3Q2022: RM721million).
