KUALA LUMPUR: POH KONG HOLDINGS BHD [] net profit for the third quarter ended April 30, 2011 rose 39.8% to RM9.05 million from RM6.47 million a year earlier mainly due to higher sales.
Revenue for the quarter was up 27.7% to RM169.45 million from RM132.74 million. Earnings per share was 2.21 sen while net assets per share was 81 sen.
For the nine months ended April 30, Poh Kong's net profit rose to RM29.46 million from RM23.82 million on the back of revenue RM509.38 million.
Reviewing its performance on Monday, June 13, Poh Kong said the increase in revenue in the quarter was due to its thirty-fifth anniversary promotional activities and increase in gold prices.
On its current year prospects, Poh Kong said it would continue to build its market share by enhancing and differentiating its product offerings to its targeted market segments.
'Towards this purpose, the group is actively evaluating various initiatives and opportunities to attract new customers through the introduction of new product designs and enhanced customer service,' it said.
Poh Kong said it remained positive on its performance for the financial year ending July 31, 2011.
Revenue for the quarter was up 27.7% to RM169.45 million from RM132.74 million. Earnings per share was 2.21 sen while net assets per share was 81 sen.
For the nine months ended April 30, Poh Kong's net profit rose to RM29.46 million from RM23.82 million on the back of revenue RM509.38 million.
Reviewing its performance on Monday, June 13, Poh Kong said the increase in revenue in the quarter was due to its thirty-fifth anniversary promotional activities and increase in gold prices.
On its current year prospects, Poh Kong said it would continue to build its market share by enhancing and differentiating its product offerings to its targeted market segments.
'Towards this purpose, the group is actively evaluating various initiatives and opportunities to attract new customers through the introduction of new product designs and enhanced customer service,' it said.
Poh Kong said it remained positive on its performance for the financial year ending July 31, 2011.
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