Poh Kong results so so nia

Will tomorrow follow a sell down????

Poh Kong’s 4Q net profit falls 22% despite higher revenue

Business & Markets 2012

Written by Ho Ching Ling of theedgemalaysia.com

Thursday, 27 September 2012 18:41

KUALA LUMPUR (Sept 27): POH KONG HOLDINGS BHD []’s net profit for the fourth quarter ended July 31 was down 22% to RM9.5 million or 2.33 sen a share compared to RM12.18 million in the previous year due to fluctuations in gold prices and higher finance costs.

“The decrease in profit before tax was mainly due to the increase in finance costs and the fluctuation in gold price, resulting a thinner profit margin from gold revenue,” the group said in a filing to Bursa Malaysia today.

Revenue for the quarter rose 11.7% to RM204.7 million from RM183.1 million previously which the group said was spurred by an upsurge in domestic gold prices and contributions from new and existing stores.

Meanwhile, net profit for its full financial year ended July 31 was up 24% to RM51.28 million or 12.5 sen from RM41.2 million in the previous year. Revenue was also increased 19.8% to RM830.1 million.

inancial Summary (20120927FA00194)
Company Name	POH KONG HOLDINGS BHD
Stock Code / Short Name	5080 / POHKONG
Date & Time Announce	27/09/2012 5:39:49 PM
Subject	Quarterly rpt on consolidated results for the financial period ended 31/7/2012

Content

Financial Year End	: 31/07/2012
Quarter	: 4
Report Status	: Unaudited

CONSOLIDATED INCOME STATEMENT

			INDIVIDUAL PERIOD		CUMULATIVE PERIOD
			CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
			31/07/2012	31/07/2011	31/07/2012	31/07/2011
			RM'000	RM'000	RM'000	RM'000
1		Revenue	204,720	183,115	830,121	692,419
2	(a)	Profit/(loss) before income tax, minority interests and extraordinary items after share of profits and losses of associated companies	12,004	15,352	71,414	57,672
	(b)	Net Profit/(loss) from ordinary activities attributable to members of the company	9,544	12,180	51,282	41,205
	(c)	Net profit/(loss) attributable to members of the company	9,544	12,180	51,282	41,205
	(a)	Basic (based on ordinary shares - sen)	2.33	2.97	12.50	10.04
4	(a)	Dividend per share (sen)	1.50	1.40	1.50	0.01
5		Net Assets Per Share Attributable To Ordinary Equity Holder Of The Parent (RM)	0.95	0.84

Remarks



Submitted By/Contact Person:
Ng Yim Kon

Poh Kong results so so nia

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