Poh Kong 3Q net profit up to RM28mil

TheStar Fri, Jun 17, 2022 07:30am - 1 year View Original


In a filing with Bursa Malaysia, the jeweller said revenue in the third quarter grew to RM366.20mil from RM364.19mil previously.

KUALA LUMPUR: Poh Kong Holdings Bhd’s net profit for its third quarter ended April 30, rose to RM27.59mil from RM24.02mil in the previous corresponding period, spurred by higher revenue and overall uptrend in gold prices.

In a filing with Bursa Malaysia, the jeweller said revenue in the third quarter grew to RM366.20mil from 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.”

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