KUALA LUMPUR: Poh Kong Holdings Bhd said it is confident it has put in place adequate measures to meet the challenges in the current financial year.
“The group will continuously monitor the impact of the current uncertainties on our operations, uphold and honour our financial obligations and evaluate our performance on a continuous basis,” it said in a stock exchange filing.
In the first quarter ended Oct 31, 2023, the gold merchant said its net profit was RM19mil, up from RM15.67mil in the same quarter in 2022 as operating profits improved due to an overall uptrend in gold prices.
The company’s basic earnings per share was 4.63 sen as compared to 3.82 sen.
Revenue was RM355.98mil, down from RM370.36mil a year earlier due to weak market sentiment and a decrease in demand for gold jewellery products during the quarter.
Source: The Star