a day ago
- Business
- Malaysian Reserve
Poh Kong 3Q profit steady despite record revenue amid gold price surge
POH KONG Holdings Bhd posted a flat net profit of RM47.60 million for the third quarter ended April 30, 2025 (3Q25), compared to RM47.65 million a year earlier, even as revenue climbed to a record RM533.93 million on the back of higher gold prices.
The jeweller attributed the flat earnings to a 34.5% rise in income tax expense to RM18.99 million and a 6.3% increase in operating costs to RM55.13 million during the quarter.
Quarterly revenue grew 2.76% from RM519.61 million previously.
For the nine-month period, net profit rose 3.8% to RM98.54 million, while revenue edged up 2% to RM1.32 billion.
Looking ahead, Poh Kong said demand for gold remains resilient amid global trade tensions and inflationary pressure, with the board expressing confidence in its outlook for the financial year ending July 31, 2025.
Shares of Poh Kong closed unchanged at RM1.07 today, valuing the group at RM439.1 million. — TMR
