October 28, 2016 4:33 AM ET

Consumer Finance

Company Overview of ELK-Desa Resources Berhad

Company Overview

ELK-Desa Resources Berhad, an investment holding company, provides hire-purchase financing services for used motor vehicles in Malaysia. The company also sells general insurance policies as an insurance agent; and trades in and wholesales furniture. In addition, it manufactures and sells furniture. The company is based in Kuala Lumpur, Malaysia.

15-17, Jalan Brunei Utara

Off Jalan Pudu

Kuala Lumpur,  55100



60 3 2145 7000


60 3 2145 8258

Key Executives for ELK-Desa Resources Berhad

Chief Financial Officer and Executive Director
Age: 35
Total Annual Compensation: 324.0K
Group Executive Director
Age: 44
Total Annual Compensation: 468.0K
Compensation as of Fiscal Year 2016.

ELK-Desa Resources Berhad Key Developments

ELK-Desa Resources Berhad Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2016

ELK-Desa Resources Berhad reported unaudited consolidated earnings results for the first quarter ended June 30, 2016. The group's revenue increased by 57% or MYR 7.98 million to MYR 21.99 million from MYR 14.01 million a year ago, mainly due to the additional MYR 6.61 million revenue from the furniture business. Profit before taxation was MYR 7,483,971 compared to MYR 6,527,464 a year ago. Profit for the financial period was MYR 5,500,379 or 2.21 sen per diluted share, compared to MYR 4,923,827 or 2.60 sen per diluted share, a year ago. Net cash used in operating activities was MYR 16,790,684 compared to net cash from operating activities of MYR 1,643,417 a year ago. Purchase of property, plant and equipment was MYR 429,279 compared to MYR 39,750 a year ago.

ELK-Desa Resources Berhad, Annual General Meeting, Aug 26, 2016

ELK-Desa Resources Berhad, Annual General Meeting, Aug 26, 2016, at 02:00 Coordinated Universal Time. Location: The Melia Hotel Kuala Lumpur, Alhambra Ballroom Level M1, No. 16, Jalan Imbi 55100 Kuala Lumpur Malaysia Agenda: To consider the statutory financial statements for the financial year ended 31 March 2016 together with the reports of the directors and auditors; to sanction the declaration of a final single-tier dividend of 3.50 sen per share of MYR 1.00 each for the financial year ended 31 March 2016; to approve the payment of directors fees of MYR 355,000 for the financial year ended 31 March 2016; to re-elect directors; to re-appoint directors; to re-appoint Messrs. BDO as auditors of the company and to authorize the Directors to fix their remuneration; and to consider proposed renewal of authority for the company to purchase its own shares of up to 10% of the issued and paid-up share capital of the company (proposed share buy-back).

ELK-Desa Resources Berhad Announces Final Single Tier Dividend for the Financial Year Ended March 31, 2016, Payable on September 30, 2016

ELK-Desa Resources Berhad announced final single tier dividend of 3.5 sen per share for the financial year ended March 31, 2016. Payment date is September 30, 2016. Ex-date is September 13, 2016 and entitlement date is September 15, 2016.

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Recent Private Companies Transactions

September 1, 2016

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