KUALA LUMPUR: PPB GROUP BHD []'s overseas segment will be the main driver of the group's future growth, said its managing director Tan Gee Sooi.
Speaking at a media briefing on Friday, Aug 26, Tan said the group was currently expanding its flour mills in Vietnam and Indonesia.
PPB's revenue increased by 16% to RM1.26 billion owing mainly to its higher sales of flour in Indonesia and Vietnam.
The group is currently looking at increasing the production capacity of it flour mills in Indonesia and Vietnam by 100% with a total investment of RM100 million from its annual capital expenditure of RM267 million.
"It will be fairly hard to estimate the revenue increase for such an expansion. It will take time to build up and it depends on good demand and consumption" said the group's CFO Leong Choy Ying.
Speaking at a media briefing on Friday, Aug 26, Tan said the group was currently expanding its flour mills in Vietnam and Indonesia.
PPB's revenue increased by 16% to RM1.26 billion owing mainly to its higher sales of flour in Indonesia and Vietnam.
The group is currently looking at increasing the production capacity of it flour mills in Indonesia and Vietnam by 100% with a total investment of RM100 million from its annual capital expenditure of RM267 million.
"It will be fairly hard to estimate the revenue increase for such an expansion. It will take time to build up and it depends on good demand and consumption" said the group's CFO Leong Choy Ying.
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