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Categories
| PPB sees 10% to 20% demand |
| Business & Market 2009 | |||
| Written by Tony Goh | |||
| Tuesday, 03 March 2009 13:47 | |||
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KUALA LUMPUR: PPB Group Bhd projects a 10% to 20% decline in consumer demand for its products including flour and sugar. However, its chairman Datuk Oh Siew Nam said the group did not expect revenue and earnings for this financial year to be adversely affected because the margins hinged on the commodity prices. "While we foresee this year to be a tough one, there are many variables that would affect our income stream, and there are signs commodity prices are easing," said Oh. [Note: The article above was corrected. It previously stated "PBB Group"]
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