It plans to pay a final dividend of 17 sen per share for FY16, bringing the full year payout to 25 sen, the same as last year. Indonesia also saw an increase in selling prices and sales volume despite lower revenue from Malaysian flour mills, the group said. However, sales volume for both countries took a hit in the last quarter, leading to a 14% decline in profit contribution from the segment. Meanwhile, its property segment would see the launch of a new development project in a strategic location, PPB said. Shares in PPB closed up 2 sen at RM16.54 today on some 1.58 million shares traded.

Source: The Edge Markets February 28, 2017 11:37 UTC