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April 24, 2015 9:30 PM ET

Consumer Finance

Company Overview of ELK-Desa Resources Berhad

Company Overview

ELK-Desa Resources Berhad, an investment holding company, is engaged in the provision of hire-purchase financing services in Malaysia. It also operates as an insurance agent; and trades in used motor vehicles. The company is based in Kuala Lumpur, Malaysia.

No 15-17, Jalan Brunei Utara

Off Jalan Pudu Imbi

Kuala Lumpur,  55100

Malaysia

Phone:

60 3 2145 7000

Fax:

60 3 2145 8258

Key Executives for ELK-Desa Resources Berhad

Executive Director
Age: 43
Total Annual Compensation: $218.9K
Compensation as of Fiscal Year 2014.

ELK-Desa Resources Berhad Key Developments

ELK-Desa Resources Berhad Announces Board Changes

The Board of ELK-Desa Resources Berhad announced that Teoh Hock Chai has expressed his desire to relinquish his position as Member of the Nomination Committee. Therefore, he will cease as a Member of the Nomination Committee with effect from February 12, 2015; and Lim Keng Chin has been appointed as a Member of the Nomination Committee with immediate effect.

ELK-Desa Resources Berhad Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2014

ELK-Desa Resources Berhad announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2014. For the quarter, the company reported revenues of MYR 14,354,144, profit before taxation of MYR 6,473,006, profit of MYR 4,843,313 or 2.57 sen per diluted share compared to the revenues of MYR 12,326,154, profit before taxation of MYR 5,312,217, profit of MYR 3,937,564 or 3.15 sen per diluted share for the same quarter a year ago. For the year, the company reported revenues of MYR 43,127,298, profit before taxation of MYR 18,318,555, profit of MYR 13,645,731 or 7.42 sen per diluted share net cash used in operating activities of MYR 10,657,981, purchase of property, plant and equipment of MYR 98,310 compared to the revenues of MYR 35,008,106, profit before taxation of MYR 16,953,113, profit of MYR 12,605,250 or 10.08 sen per diluted share net cash used in operating activities of MYR 18,271,278, purchase of property, plant and equipment of MYR 763,889 for the previous year.

Elk-Desa Resources Berhad Appoints Teoh Seng Hee as Chief Financial Officer

ELK-Desa Resources Berhad announced the appointment of Teoh Seng Hee as Chief Financial Officer, effective Nov. 13, 2014. Prior to his appointment as the Chief Financial Officer, Mr. Teoh was the Associate Director of ELK-Desa Resources Berhad.

Recent Private Companies Transactions

Type
Date
Target
Buyback
February 13, 2015
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