Elk-Desa Resources' 1Q net profit dips y-o-y to RM8.14mil

Quick Summary:

KUALA LUMPUR: Elk-Desa Resources Bhd will continue to sustain a growth trajectory by expanding its hire-purchase receivables with a growth target in the lower to mid teens, said executive director and chief financial officer Teoh Seng Hee.

He said Elk-Desa will also pay special attention to driving down the impaired loans ratio.

The non-bank lender announced in a stock exchange filing that its quarterly bottomline slipped slightly to RM8.14mil from RM8.5mil in the previous corresponding quarter.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Furniture Lending /Business/Business News Hire purchase Elk-Desa Resources Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 13:18:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 325 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22084074

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 43 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 23 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions