Friday 29 Mar 2024
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KUALA LUMPUR (Dec 13): Poh Huat Resources Holdings Bhd rose 4.73% this morning after its net profit rose 16.9% to RM20.86 million in the fourth financial quarter ended Oct 31, 2018 (4QFY18) from RM17.84 million a year ago, on higher sales from both its Malaysian and Vietnamese operations. This resulted in a higher earnings per share of 9.5 sen for 4QFY18 compared with 8.35 sen for 4QFY17.

At 9.10am, Poh Huat rose 7 sen to RM1.55 with 117,800 shares traded.

Quarterly revenue grew 10.4% to RM189.51 million from RM171.68 million a year ago on higher shipment of furniture from its Malaysian operations. The group has also proposed a final dividend of 2 sen per share for the shareholders’ approval at the forthcoming annual general meeting.

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