Poh Kong Holdings Bhd ( Financial Dashboard) saw its net profit jump 496% to RM7.71 million or 1.88 sen a share for the second financial quarter ended Jan 31, 2015 (2QFY15), from RM1.29 million or 0.31 sen a share a year ago, on improved gross profit margin.
This was despite revenue for the quarter falling 4.6% to RM216.45 million, from RM226.91 million in 2QFY14, due to decreased demand for gold investment products and jewellery items.
Poh Kong (fundamental: 0.65; valuation: 1.2) said the improved earnings was due to improvement in gross profit margin during the quarter under review.
For the cumulative six months (1HFY15), Poh Kong's net profit grew 81.8% to RM10.79 million or 2.63 sen per share, from RM5.94 million or 1.45 sen per share a year ago.
Revenue increased a marginal 0.83% to RM410.41 million, from RM407.04 million in 1HFY14.
Going forward, Poh Kong said it would continue to consolidate its business, realign business strategies and undertake new initiatives to pursue sustainable growth and ultimately enhance profitability of the group.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Fly888888
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Posted by Fly888888 > 2014-08-15 15:53 | Report Abuse
May be this is a black horse for this Year ?