Allbet官网:Elk-Desa rides on recovery trend in 1Q

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KUALA LUMPUR: Elk-Desa Resources Bhd plans to leverage on the recovery of the domestic economy to strengthen its hire purchase receivables portfolio to pre-pandemic levels.

The financing company posted a net profit of RM17.59mil for its first quarter ended June 30, 2022, up 254% year-on-year (y-o-y) helped by the 7% growth in hire purchase loans and reversal in impairment allowance of RM5.36mil.

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