Poh Huat earnings up on Malaysia, Vietnam ops


Higher sales: Poh Huat’s factory in Vietnam. The group’s revenue for the fourth quarter ended Oct 31 rose 10.4 to RM189.5mil from RM171.7mil previously.

PETALING JAYA: Furniture maker Poh Huat Resources Holdings Bhd’s net profit rose 17% to RM20.9mil in the fourth quarter ended Oct 31 from RM17.8mil in the corresponding period last year, driven by higher contributions from its Malaysian and Vietnamese operations.

During the period in review, the group’s revenue rose 10.4% to RM189.5mil from RM171.7mil previously, while earnings per share (EPS) rose to 9.5 sen from 8.35 sen.

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Business , Poh Huat , earnings , profit , Malaysia , Vietnam , operations ,

   

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