TOMEI CROSSES THE RM1.0 BILLION REVENUE MILESTONE FOR FY2024
Tomei has achieved a major milestone, surpassing RM1.05 billion in annual revenue for the first time in FY2024, driven by higher retail gold prices and strong demand. Profit before tax surged 26.2% to RM84.7 million, with retail remaining the key growth driver.
Group MD Datuk Ng Yih Pyng attributes this success to strategic growth and evolving consumer trends, as gold gains traction as both an ornament and investment asset. With 60 retail outlets nationwide, Tomei remains committed to enhancing customer experience and sustaining profitability.
TOMEI’S PROFIT AFTER TAX UP 20% FOR 9MFY2024
Tomei Consolidated Berhad (“Tomei”) reported a 21.2% rise in nine-month revenue to RM805.3 million, driven by strong retail segment growth. Profit after tax rose 19.9% to RM49.5 million. Q3FY2024 revenue grew 5.9% to RM215.6 million, with PBT impacted by hedging losses and one-off expenses. Tomei expects festive season demand to boost sales and has declared a 1.5 sen interim dividend payable on 23 December 2024.
TOMEI’S PRETAX PROFIT SOARS OVER 21% IN Q2FY2024
Tomei Consolidated Berhad (“Tomei”) reported strong Q2FY2024 results with revenue up 19.5% to RM266.9 million, driven by robust retail sales. Profit before tax rose 21.7% to RM28.6 million, while profit after tax increased by 16.0% to RM20.7 million.For H1FY2024, revenue surged 27.9% to RM589.7 million, with PBT up 44.6% to RM58.0 million and PAT rising 39.1% to RM42.5 million.
