Poh Kong expects revenue growth of between 25-30pc

PETALING JAYA, Sept 19 – Poh Kong Holdings Bhd, the largest retail jewellery chain in Malaysia, expects revenue growth of between 25 per cent to 30 per cent for its current financial year, from the RM692.419 million recorded previously.

Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/poh-kong-expects-revenue-growth-of-between-25-30pc/
Published: September 20, 2012

File photo show a gold necklace chain. Poh Kong Holdings Bhd sees revenue 

growth of between 25 per cent to 30 per cent for its current financial year, from 

the RM692.419 million recorded previously. – Reuters pic

This is given the company’s encouraging performance in the first three quarters of its financial year.
“For the three quarters, we (Poh Kong) already exceeded the total revenue achieved for the last financial year.

“This was mainly contributed by the opening of new stores and an increase in sales at previously existing ones, as well as the rise in gold price,” said its Executive Director, Ermin Siow.

Speaking at a media briefing on the “Overview of Gold Demand Trends” here today, he said the company allocated 10 per cent of revenue for investment purposes.

On expansion, he said Poh Kong plans to showcase its products on the global market, in the near future.
“I think we will look at starting up retail outlets overseas first in Asean countries, before actually exporting our products,” he added. – Bernama