PETALING JAYA: Atlan Holdings Bhd
anticipates the business environment to remain challenging for the remaining quarter of its current financial year, largely due to the increasing product and operating costs, compounded by inflationary pressures and cautious consumer spending.
Nevertheless, the company said its focus is to ensure that the group's core businesses remain resilient and robust in the face of these challenges going forward, it said in a Bursa Malaysia filing.
For the third quarter ended Nov 30, 2024, Atlan’s net profit surged to RM29.93mil from RM6.47mil in the previous corresponding period, while revenue dipped to RM112.48mil from RM117.19mil a year earlier.
The company said it registered higher revenue from its duty free and property and hospitality segments.
Atlan declared a third interim single tier dividend of eight sen per ordinary share for the financial year ending Feb 28, 2025, to be paid on Feb 17.
