PETALING JAYA: Atlan Holdings Bhd
has posted a lower profit of RM3.06mil for the first quarter ended May 31, 2025 compared to RM5.15mil in the same quarter last year.
Atlan, which is involved in duty free retailing, manufacturing of automotive parts, property investment and hospitality and lifestyle, said its revenue was also lower for the quarter under review at RM99.41mil, compared to RM117.92mil in the same quarter last year.
In a filing with Bursa Malaysia, the group said the drop in revenue was largely due to lower revenue reported by duty free, automotive and property and hospitality segments.
It noted lower revenue from the duty free segment was mainly due to the closure of its duty free operations in Bukit Kayu Hitam since November 2024.
