Thursday 28 Mar 2024
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KUALA LUMPUR (Jan 9): Poh Kong Holdings Bhd has targeted a revenue growth of 10% for FY15, despite the upcoming imposition of the Goods & Services Tax (GST) from April 1 this year.

As the GST implementation is expected to have a minor impact on consumer sentiment, Poh Kong executive director Ermin Siow assured that the setback would only be temporary.

"Once people get used to it, business will be back to normal. What is important is that the overall economy must be good," he told reporters after Poh Kong's 12th AGM today.

Siow hoped the firm's current year financial performance would be on par with its good track record of raking in higher revenues of the past few years.

"We hope to grow. We will do our best," he declared.

Poh Kong's executive chairman and group managing director Datuk Eddie Choon said international gold prices were expected to range between US$1,200 to US$1,300 per ounce this year.

He said the firm planned to expand into East Malaysia in the next one to two years.

For the current financial year, Poh Kong planned to open five new stores at an estimated capital expenditure of RM16 million.

Poh Kong remained flat at 43 sen with 81,500 shares traded at midday break.

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