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Monday, 12th January 2009 (1613 views)

Poh Kong Holdings has forecast that its 2009 sales will outstrip those of previous years, despite the global economic downturn.

The jewellery company's executive chairman and group managing director, Datuk Eddie Choon, claimed that the firm expected to boost sales during the fiscal year to July 31st 2009 and intends to expand the number of producers and outlets it has, the Malaysian Business Times reported.

According to Mr Choon, Poh Kong plans to open a further three to five new stores within the next year, investing as much as RM10 million (£1.87 million) in its expansion plans.

Speaking after the firm's annual general meeting in Petaling Jaya, he stated that the firm has not witnessed a slowdown in demand for gold jewellery and expects growth to continue during 2009

Founded in 1976, Poh Kong Group is the largest retailer of gold jewellery in Malaysia with over 90 outlets in 23 locations across the country.

The company refines, designs, manufactures, trades, supplies and retails gold ornaments in-house and recently launched a new white gold Oro Bianco range for younger consumers.

 

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