Poh Kong 3Q profit up 52%

Poh Kong’s revenue increased by 36% to RM519.6mil.

PETALING JAYA: Poh Kong Holdings Bhd, Malaysia’s largest jewellery retail chain owner, has painted an optimistic operating outlook ahead, although it says it will continue to take cognisance of “market corrections and global uncertainties”.

For the third quarter ended April 30, 2024 (3Q24), the jeweller’s net profit rose by 52% year-on-year (y-o-y) to RM47.6mil, underpinned by the increase in revenue and overall uptrend in gold prices.