July 22, 2014 1:46 PM ET

Consumer Finance

Company Overview of ELK-Desa Resources Berhad

Company Overview

ELK-Desa Resources Berhad, an investment holding company, is engaged in the provision of hire purchase financing services in Malaysia. The company also operates as an insurance agent; and trades in used motor vehicles. ELK-Desa Resources Berhad is based in Kuala Lumpur, Malaysia.

15-17, Jalan Brunei Utara

Off Jalan Pudu

Kuala Lumpur,  55100

Malaysia

Phone:

60 3 2145 7000

Fax:

60 3 2145 8258

Key Executives for ELK-Desa Resources Berhad

ELK-Desa Resources Berhad does not have any Key Executives recorded.

ELK-Desa Resources Berhad Key Developments

ELK-Desa Resources Berhad Recommends Single Tier First and Final Dividend for the Financial Year Ended 31 March 2014; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Financial Year Ended March 31, 2014

ELK-Desa Resources Berhad reported unaudited consolidated earnings results for the fourth quarter and financial year ended March 31, 2014. For the quarter, the company reported revenue was MYR 13,382,963 compared to MYR 10,473,094 for the last year. Profit before taxation was MYR 5,477,865 compared to MYR 4,419,514 for the last year. Profit for the financial period was MYR 3,794,695 or 3.04 sen per basic & diluted share compared to MYR 3,065,168 or 2.45 sen per basic & diluted share for the last year. The Group's revenue increased by 28% due to an increase in the hire purchase portfolio. Profit before tax increased by 24% due to the listing expenses incurred in the fourth quarter of the previous financial year. For the year, the company reported revenue was MYR 48,391,069 compared to MYR 40,957,860 for the last year. Profit before taxation was MYR 22,430,977 compared to MYR 19,495,226 for the last year. Profit for the financial period was MYR 16,399,944 or 13.12 sen per basic & diluted share compared to MYR 13,873,454 or 12.95 sen per basic & diluted share for the last year. Net cash used in operating activities was MYR 28,698,254 compared to net cash from operating activities of MYR 11,650,039 for the last year. Purchase of property, plant and equipment was MYR 929,639 compared to MYR 223,247 for the last year. The Group's revenue increased by 18% due to an increase in the hire purchase portfolio. Profit before tax increased by 15% due to the one off MYR 2.37 million listing expenses incurred in the previous financial year. The Board of Directors recommended a single tier first and final dividend of 7.50 sen per share amounting to MYR 9.375 million in respect of the current financial year ended 31 March 2014.

ELK-Desa Resources Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013

ELK-Desa Resources Berhad reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, revenue was MYR 12,326,154 against MYR 10,039,251 a year ago. Profit before taxation was MYR 5,312,217 against MYR 3,457,308 a year ago. Profit for the financial period was MYR 3,937,564 or 3.15 sen per basic and diluted share against MYR 2,141,380 or 2.06 sen per basic and diluted share a year ago. For the nine months, revenue was MYR 35,008,106 against MYR 30,484,766 a year ago. Profit before taxation was MYR 16,953,113 against MYR 15,075,711 a year ago. Profit for the financial period was MYR 12,605,250 or 10.08 sen per basic and diluted share against MYR 10,808,285 or 10.67 sen per basic and diluted share a year ago. Net cash used in operating activities was MYR 18,271,278 against net cash from operating activities of MYR 10,489,784 a year ago. Purchase of property, plant and equipment was MYR 763,889 against MYR 86,888 a year ago.

ELK-Desa Resources Berhad, Special/Extraordinary Shareholders Meeting, Feb 21, 2014

ELK-Desa Resources Berhad, Special/Extraordinary Shareholders Meeting, Feb 21, 2014., at 12:00 Indian Standard Time. Location: The Melia Hotel Kuala Lumpur. Agenda: To consider proposed renounceable rights issue of MYR 100,000,000 nominal value of eight year.

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