PETALING JAYA: Poh Huat Resources Holdings Bhd
’s net profit for its third quarter ended July 31 (3Q24) fell 38.6% year-on-year (y-o-y) to RM3mil as revenue dipped 2.1% to RM105.1mil.
The reduced turnover was mainly due the low orders and shipment of home furniture from the group’s Vietnamese operations, as many US furniture distributors and retailers continue to deal with surplus inventory, high shipping costs and most critically low store traffic.
