KUALA LUMPUR: YX Precious Metals Bhd
has secured approval from the Securities Commission (SC) for the transfer of its listing to the Main Market of Bursa Malaysia from the ACE Market.
The gold jewellery wholesaler and manufacturer said SC had approved the transfer yesterday .
In the first quarter ended March 31, 2024, YX posted a higher net profit of RM2.7mil, or earnings per share of 0.73 sen against RM2.65mil, or 0.71 sen in the same period last year.
Its revenue rose to RM68.6mil from RM62.6mil previously.
In a filing on its first quarter earnings, the company said it anticipates the business conditions to remain challenging, primarily influenced by geopolitical risks, the fluctuations of global gold prices, foreign exchange rate and local jewellery demands with such uncertainties continuing to affect the global and local markets.
