PETALING JAYA: Atlan Holdings Bhd
is keeping a cautious stance on its prospects, stemming from the ringgit’s weak standing against a basket of other currencies, despite acknowledging that there are indications of an ongoing economic recovery.
The group said the delicate level of the local note has contributed to escalating product and operating costs, on top of inflationary pressures and projected prudent consumer spending habits, while reiterating its commitment to enhancing operating efficiency.
The group, however, managed to chalk up a 9.5% year-on-year (y-o-y) rise in net profit for its third quarter ended Nov 30, 2023 of financial year 2024 (3Q24) to RM6.5mil as revenue escalated 19.1% y-o-y to RM117.2mil.
Cumulatively, for the nine months ended Nov 30, earnings similarly increased by 16.2% y-o-y to RM15.3mil as turnover also jumped 23.3% y-o-y to RM324.9mil.
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