KUALA LUMPUR: Poh Kong Holdings Bhd’s net profit for its third quarter ended April 30, rose to RM27.59mil from RM24.02mil in the previous corresponding period, spurred by higher revenue and overall uptrend in gold prices.

       In a filing with Bursa Malaysia, the jeweller said revenue in the third quarter grew to RM366.20mil from RM364.19mil previously.

       “The demand for gold jewellery remained stable amid the reopening of the economy and market sentiment, aided by higher retail gold prices that resulted in a higher revenue during the quarter under review.”

       For the nine-month ended April 30, the jeweller’s net profit increased to RM62.36mil from RM50.02mil previously, while revenue improved to RM947.95mil from RM817.48mil during the same period last year.