Furniture exporter Poh Huat warns of bigger Covid-19 hit in second half

KUALA LUMPUR: Furniture exporter Poh Huat Resources Holdings Bhd said the coronavirus (Covid-19) hit on sales and profit would be even worst in the second half of fiscal year ending Oct 31, as demand from customers in the US plunged.

The company said new orders for furniture plummeted in March as the COVID-19 pandemic took hold, falling 29% compared with March 2019, and down 23% from February.