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Poh Huat Resource Holdings reports increase in revenues, gross profits during latest quarter

KUALA LUMPUR, Malaysia – Poh Huat Resources Holdings Berhad, the parent company of Poh Huat Furniture Industries, reported an increase in revenues and gross profits for the latest quarter ended Oct. 31.

Total revenues were RM216.7 million, up 12.8{afa52d6733b09333284c8e547a1e74a226467be998683cd3db655b6cf6fad124} from the RM192.08 reported for the same period last year. For the full year to date, revenues totaled RM 659.5, down 5.9{afa52d6733b09333284c8e547a1e74a226467be998683cd3db655b6cf6fad124} from the RM701 million reported last year.

Gross profits for the quarter totaled RM48.6 million, up 38.3{afa52d6733b09333284c8e547a1e74a226467be998683cd3db655b6cf6fad124} from the RM35.11 million reported last year. Year to date, gross profits totaled RM119.8 million, down 2.4{afa52d6733b09333284c8e547a1e74a226467be998683cd3db655b6cf6fad124} from the RM122.8 million reported last year.

Basic earnings per share for the quarter were 9.20 sen, compared to 6.55 sen last year. Year to date, basic earnings per share totaled 22.14 sen, compared to 22.91 sen last year.

The company produces residential furniture in both Malaysia and Vietnam.

In its report the company noted

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