PETALING JAYA: Atlan Holdings Bhd
is anticipating that its operating business environment will remain challenging for the last quarter of the group’s financial year 2026 (FY26) ending February, due to rising product and operating costs.
Releasing its results for the third quarter ended November (3Q26) yesterday, Atlan saw net profit plunge year-on-year (y-o-y) to RM137,000 from RM29.9mil in 3Q25, while revenue slid a marginal 3.8% to RM108.3mil.
Cumulatively, bottomline was recorded at RM7.27mil, falling from RM39.1mil a year ago, while turnover was also softer by 8.3% at RM320.5mil.
In a filing with Bursa Malaysia, Atlan attributed the weaker revenue mainly to lower contributions from its automotive and duty-free segments.
Automotive revenue fell amid lower customer orders, in line with weaker nationwide commercial vehicle sales volumes, it said.
The group said the steep profit contraction was mainly due to the absence of RM69.6mil in compensation from compulsory land acquisition, which had significantly boosted earnings in the corresponding quarter last year.
