Atlan posts lower earnings

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 to 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 that 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, while the automotive segment saw lower orders received.

There was also no property sold during the quarter but it was partially offset by higher occupancy rates.

The group said it expects the business environment to remain challenging throughout the financial year 2026.

Atlan declared a first interim single-tier dividend of 5.0 sen per ordinary share for the financial year ending Feb 28, 2026, to be paid on Aug 15.