Elk-Desa 4Q profit up 19.5%

PETALING JAYA: Elk-Desa Resources Bhd expects a softer performance for the financial year ending March 31, 2027 (FY27) compared with FY26, citing mounting macroeconomic and sectoral headwinds, particularly from high energy prices.

The company has adopted a “cautious” stance amid ongoing uncertainties and expects greater headwinds in FY27.

For the fourth quarter ended March 31, 2026 (4Q26), Elk-Desa’s net profit rose 19.5% to RM8.85mil from RM7.41mil in 4Q25, mainly due to a non-recurring gain from distribution by an associate under liquidation.

Revenue increased 2.9% to RM54.54mil from RM53.02mil, supported by higher contribution from its hire purchase segment.

For FY26, net profit slipped 3.4% to RM31.55mil despite revenue rising 3.7% to RM203.91mil, mainly due to higher impairment allowances in the hire purchase segment.

Elk-Desa declared a second interim dividend of 2.5 sen per share, bringing FY26 total dividend to 4.5 sen.