Poh Kong earnings soar on high gold prices

TheStar Fri, Dec 11, 2020 09:20am - 3 years View Original


Poh Kongs revenue for the first quarter ended Oct 31,2020 jumped 8.3% to RM221.91mil compared with RM205.0mil previously.

PETALING JAYA: Higher gold prices have lifted Poh Kong Holdings Bhd’s profitability for the first quarter with net income surging by 81% to RM14.64mil from RM8.08mil a year earlier.

Its revenue for the first quarter ended Oct 31,2020 jumped 8.3% to RM221.91mil compared with RM205.0mil previously.

“The Covid-19 pandemic and the implementation of the movement control order (MCO) severely impacted the group’s operations and businesses.

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