KUALA LUMPUR: Tomei Consolidated Bhd
remains cautious about its prospects for the remainder of the financial year as the general market conditions may continue to be volatile in the midst of the unresolved geopolitical conflicts in the Middle East.
“The group will continue to focus on strengthening its retail presence, enhancing its product offerings and exercising prudent cost management while staying vigilant on the evolving market condition,” the jeweller said in the notes accompanying its financial results.
Barring unforeseen circumstances, Tomei expects to remain profitable for the financial year ending Dec 31, 2026 (FY26).
In the second quarter ended June 30, Tomei’s net profit fell 10.2% to RM22.58mil from RM25.15mil a year earlier.
Revenue, however, rose 10% to RM340.62mil from RM310.81mil, while earnings per share declined to 16.29 sen from 18.15 sen.
For the first half ended June 30, 2026 (1H26), Tomei’s net profit jumped 40.9% to RM74.65mil from RM52.98mil a year earlier.
Revenue increased 37% to RM903.8mil from RM658.8mil, mainly due to higher gold selling prices.
