Latest news with #RM5.15mil
The Star
11-07-2025
- Automotive
- The Star
Atlan sees lower profit, revenue for 1Q
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.
The Star
10-07-2025
- Automotive
- The Star
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.
The Star
24-06-2025
- The Star
Court orders release of woman linked to Sibu drug syndicate
SIBU: The Magistrates' Court has ordered the release of a 44-year-old woman previously detained with her husband on suspicion of masterminding a drug trafficking syndicate in Sibu since 2015. Magistrate Oon Kork Chern granted the release order on Tuesday (June 24) following an application by investigating officer Insp Aminur Rizwan Saiful Bahari. The woman, represented by solicitor Darren Ling, had been held on remand for four days since June 20. Her 52-year-old husband remains in custody under a seven-day remand and will appear in court again on Thursday (June 26) for further investigation. The couple were apprehended during a major operation by the Sibu Narcotics Criminal Investigation Department on June 12 and 13 at locations around Jalan Pedada Commercial Centre and Lorong Permai Jaya. The raids led to the confiscation of drugs valued at RM532,934.40, including 7,086.7gms of syabu, 2,078.9gms of ketamine, and 2,022.6gms of Erimin 5 pills. Authorities also seized RM5.15mil in cash, four gold bars, two gold chains, two Rolex watches, and three luxury vehicles, bringing the total estimated value of the seizure to RM8.53mil. Investigations suggest the syndicate has been active in drug trafficking across the Sibu area for nearly a decade, with the couple identified as key figures in the operation.
