Quick take: Poh Kong rises 5.7% on higher profit

TheStar Wed, Mar 18, 2020 09:21am - 4 years View Original


KUALA LUMPUR: Shares in Poh Kong Holdings Bhd advanced 5.7% in early trade Wednesday after announcing a 57.6% jump in its second quarter net profit.

The jeweller rose 5.71%, or two sen to 37 sen. It is currently trading at a PE ratio of 5.68 times.

Poh Kong posted a 57.6% jump in net profit to RM10.64mil for its second quarter ended Jan 31, 2020 from RM6.75mil in the previous corresponding quarter.

Revenue for the quarter, however, fell 8% to RM252.05mil from RM273.91mil on a decrease in demand for gold jewellery products.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

POHKONG 0.930

Comments

Login to comment.