Poh Kong

[winston]

not vested

Poh Kong Holdings Bhd has targeted a revenue growth of 10% for FY15, despite the upcoming imposition of the Goods & Services Tax (GST) from April 1 this year.

As the GST implementation is expected to have a minor impact on consumer sentiment, Poh Kong executive director Ermin Siow assured the setback would only be temporary.

Poh Kong's executive chairman and group managing director Datuk Eddie Choon said international gold prices were expected to range between US$1,200 to US$1,300 per ounce this year.

He added that Poh Kong plans to expand into East Malaysia in the next one to two years

Source: The Edge

[winston]

Poh Kong surges 17.46% on solid 4Q earnings

by Surin Murugiah

KUALA LUMPUR (Sept 25): Poh Kong Holdings Bhd surged 17.46% this morning after its net profit leapt over five times in its fourth quarter ended July 31, 2017 (4QFY17) to RM14.32 million from RM2.84 million previously, thanks to brisk sales.

At 9.29am, Poh Kong rose 11 sen to 74 sen with 7.89 million shares done.

Quarterly revenue grew 31% to RM259.98 million from RM198.35 million a year ago, mainly due higher demand for gold jewellery and gold investment products, higher retail gold prices, and contribution from new outlets.

For FY17, its net profit more than doubled to RM29.57 million from RM11 million in FY16, while revenue grew 13% to RM876.99 million from RM776.53 million.

Source: The Edge

http://www.theedgemarkets.com/article/p ... q-earnings

[behappyalways]

Rising gold prices lift Poh Kong’s FY2024 earnings to record high; three sen dividend proposed
https://theedgemalaysia.com/node/727811