Poh Kong’s 3Q net profit rises15% to RM27.6mil

TheStar Thu, Jun 16, 2022 08:41pm - 1 year View Original


KUALA LUMPUR: Poh Kong Holdings Bhd’s net profit for its third quarter ended April 30, 2022 rose 15% to RM27.59mil from RM24.02mil in the same period last year.

The jeweller said the higher revenue and overall uptrend in gold prices improved the operating profits in the current quarter under review.

Its revenue in the third quarter grew to RM366.20mil against RM364.19mil previously.

“The demand for gold jewellery remained stable amid the reopening of the economy and market sentiment, aided by higher retail gold prices that resulted in a higher revenue during the quarter under review,” Poh Kong said in the notes accompanying its financial results.

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