KUALA LUMPUR: Integrated gold jewellery manufacturer and retailer Tomei Consolidated Bhd
has registered a higher net profit of RM59.50mil for the financial year 2024 (FY24) versus RM46.43mil in the previous year, primarily driven by higher retail gold prices, which contributed to improved margins.
It also achieved a historic milestone by surpassing the RM1bil annual revenue mark for the first time at RM1.05bil in FY24, higher by 15.4% from RM909.71mil before.
“We are incredibly proud to surpass the RM1bil annual revenue mark for the first time in our history, demonstrating a significant milestone since our listing in 2006,” Tomei group managing director Datuk Ng Yih Pyng said in a statement yesterday.
He said the achievement is a testament to the company’s strategic growth, strong brand presence, and ability to adapt to evolving market trends. — Bernama
