PETALING JAYA: Atlan Holdings Bhd
expects the business environment to remain challenging for the remaining quarter of its current financial year, largely due to increasing product and operating costs, compounded by inflationary pressures and cautious consumer spending.
Its focus is to ensure that the group’s core businesses remain resilient and robust in the face of the challenges, it said in a filing with Bursa Malaysia.
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.
It declared a third interim single-tier dividend of eight sen per share for the financial year ending Feb 28, 2025, to be paid on Feb 17.
