KUALA LUMPUR (March 27) : POH KONG HOLDINGS BHD []’s net profit rose 31% to RM12.43 million in the second quarter ended Jan 31, 2012 from RM9.52 million a year earlier as the jeweller raked in higher sales against the backdrop of rising gold prices.
In a statement to the exchange on Tuesday, Poh Kong said its revenue climbed 19% to RM202.41 million from RM170.48 million previously. Cumulative first half net profit rose 48% to RM30.15 million from RM20.41 million a year earlier as revenue increased 27% to RM433.06 million from RM339.94 million
“For the current financial year, the group will continue its drive to build market share by enhancing and differentiating its product offerings to its targeted market segments.
“Towards this purpose, the group is actively evaluating various initiatives and opportunities to attract new customers through the introduction of new product designs and enhanced customer service,” Poh Kong said.
Shares of Poh Kong climbed one sen to close at 55.5 sen.
In a statement to the exchange on Tuesday, Poh Kong said its revenue climbed 19% to RM202.41 million from RM170.48 million previously. Cumulative first half net profit rose 48% to RM30.15 million from RM20.41 million a year earlier as revenue increased 27% to RM433.06 million from RM339.94 million
“For the current financial year, the group will continue its drive to build market share by enhancing and differentiating its product offerings to its targeted market segments.
“Towards this purpose, the group is actively evaluating various initiatives and opportunities to attract new customers through the introduction of new product designs and enhanced customer service,” Poh Kong said.
Shares of Poh Kong climbed one sen to close at 55.5 sen.
