Elk-Desa set on driving down impaired loans

PETALING JAYA: 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, according to chief financial officer Teoh Seng Hee.

In its first quarter ended June 30, 2024 for financial year 2025, the non-bank lender’s earnings slipped 4% year-on-year (y-o-y) to RM8.14mil or an earnings per share of 1.79 sen.