by NST BusinessKUALA LUMPUR: Poh Kong Holdings Bhd's net profit tripled to RM5.36 million in the first financial quarter ended October 31, 2017 from RM1.77 million a year ago on increased demand for gold jewellery and gold investment products. It also attributed its improved earnings to higher retail gold prices and additional revenue contributed from new outlets in the current quarter under review. Moving forward, Poh Kong said it is confident of the group's resilience to weather the challenges ahead for its financial year ending July 31, 2018. "The group is optimistic in maintaining its growth and leading position in Malaysia despite more challenging and competitive conditions in the domestic jewellery market. "The group, being cognisant of the current market situation, continues to review, revise and consolidate its business strategies to meet these challenges," it added.

Source: New Strait Times December 07, 2017 10:07 UTC