PETALING JAYA: Despite inflation and currency fluctuations, Poh Kong Holdings Bhd
believes that strong central bank buying, consumer spending and safe haven inflows amid global geopolitical uncertainties will continue to fuel demand for both jewellery and gold investment products.
The group said Malaysia’s jewellery market is poised for continuous growth, anticipating gold’s bull trend to continue this year, with the industry having shown strong growth and resilience in 2025, driven by both local and international demand.
Releasing its results for the third financial quarter (3Q26) ended April for the fiscal year ending July (FY26), Poh Kong saw net profit surge 47.1% year-on-year (y-o-y) to RM70mil, as revenue climbed 9.7% to RM585.6mil.
For the nine months ended April, the group’s bottom line also soared 59.5% y-o-y to RM157.2mil, driven by a 17.5% increase in turnover to RM1.55bil.
In a filing with Bursa Malaysia, Poh Kong said the increase in revenue in 3Q26 was due mainly to the surge in the gold price, which in turn contributed to improved operating profits, before adding that its top line is largely derived from the retail segment.
Compared with the preceding quarter ended January, net profit increased by 47.3% from RM47.5mil, as revenue also climbed 10.7% from RM528.8mil.
Poh Kong attributed the growth in gold price to its better quarter-on-quarter profit margins.
The company has not declared any dividends so far in FY26.
