Wednesday, December 19, 2012

Poh Kong’s pre-tax profit falls to RM15.9m in Q1 2012

KUALA LUMPUR, Dec 18 – Poh Kong Holdings Bhd’s pre-tax profit for the first quarter ended Oct 31, 2012 fell to RM15.899 million from RM25.822 million in the same quarter last year.

Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/poh-kongs-pre-tax-profit-falls-to-rm15.9m-in-q1-2012/
Published: December 19, 2012

The group’s revenue dwindled to RM194.730 million as compared to RM230.646 million in the same quarter last year.

The lower revenue was mainly due to bearish demand for gold products such as gold bars and wafers, Poh Kong said in a filing to Bursa Malaysia today.

On prospects, the group said it would continue to drive market share by enhancing its product offerings to its targeted market segments. – Bernama

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