PETALING JAYA: Elk-Desa Resources Bhd
is expected to charter strong quarters ahead on the back of sustained demand for used-car hire purchase financing and bullish consumer sentiment in the furniture industry.
TA Research said the investment holding company posted strong results for the first half of 2022 (1H22) where net profit surged to RM29.1mil from RM9.7mil in the same period last year.
This was underpinned by higher revenue growth and writeback in impairment allowance.
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