PETALING JAYA: Poh Kong Holdings Bhd recorded a net profit of RM29.35mil in the second quarter ended Jan 31, 2022, its highest ever quarterly net profit, thanks to higher gold prices.

       Net profit for the quarter doubled to RM29.35mil compared with RM11.35mil in the previous corresponding quarter.

       The jeweller’s revenue jumped 76% to RM406.46mil from RM231.39mil in the previous year.

       In a filling with Bursa Malaysia yesterday, Poh Kong attributed the bottomline and topline performance to higher demand for gold jewellery and gold investment products, as well as higher retail gold prices, amid the gradual reopening of the economy.