PETALING JAYA: Poh Kong Holdings Bhd
will continuously monitor the impact of the current uncertainties on its operations as well as evaluate its performance on a continuous basis.
In a filing with Bursa Malaysia, Poh Kong said its net profit for the first quarter ended Oct 31, 2024 rose to RM21.34mil from RM19mil in the previous corresponding period, while revenue dipped to RM329.28mil from RM355.98mil a year earlier.
Poh Kong said the decrease in revenue was due mainly to the decrease in demand for gold jewellery and gold investment products during the quarter under review.
“Despite a decrease in revenue, the overall uptrend in gold prices had improved the operating profits in the current quarter under review. The group’s revenue is largely derived from the retail segment,” it said.
Basic earnings per share in the first quarter stood at 5.20 sen versus 4.63 sen previously.
