KUALA LUMPUR: Poh Kong Holdings Bhd’s net profit jumped five-fold in the fourth-quarter ended July 31, 2017 to RM14.32 million from RM2.84 million a year ago. Its revenue surged 31 per cent to RM259.98 million from RM198.35 million on higher demand for gold jewellery and gold investment products, retail gold prices and revenue contributed from new outlets. For full-year, its net profit rose three-fold to RM29.57 million from RM11.01 million previously. Group revenue increased 12.94 per cent to RM876.99 million from RM776.53 million last year. The group said it is being cognisant of the current market situation continues to review, revise and consolidate its business strategies to meet these challenges.

Source: New Strait Times September 21, 2017 13:52 UTC