Strong demand boosts Poh Huat earnings

In a filing with Bursa Malaysia, the furniture maker said its revenue for the quarter in review rose 13% to RM216.72mil from RM192.08mil previously.

PETALING JAYA: Poh Huat Resources Holdings Bhd posted a 49% jump in net profit to RM22.08mil for the fourth quarter ended Oct 31,2020, from RM14.83mil a year earlier.

This was driven by pent-up demand, especially from the US home and home-office furniture, due to the shift to working from home brought about by the Covid-19 pandemic.