<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 25): Duty-free operator Atlan Holdings Bhd posted a 78% plunge in net profit to RM5.78 million for the fourth quarter ended Feb 28, 2019 (4QFY19) against RM26.35 million in the previous corresponding quarter, on the back of lower earnings in all business segments.</p></div>

<div class=newsTextDataWrapInner><p>The group's business segments comprise duty free, automotive, property and hospitality, and investment holdings.</p></div>

<div class=newsTextDataWrapInner><p>Earnings per share slipped to 2.28 sen from 10.39 sen per share previously.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Revenue was only slightly lower by 2% at RM219.03 million compared with RM223.6 million in 4QFY18.</p></div>

<div class=newsTextDataWrapInner><p>Atlan said its duty-free segment recorded a drop in revenue mainly due to a decrease in demand for certain products and a change in sales mix.</p></div>

<div class=newsTextDataWrapInner><p>For the full year, its net profit declined 18.6% to RM39.9 million from RM49.03 million last year while revenue was 6.2% lower to RM774.92 million from RM826.34 million.</p></div>

<div class=newsTextDataWrapInner><p>Atlan said that the business environment is expected to remain soft and challenging in view of the overall economic outlook and cautious consumer spending.</p></div>

<div class=newsTextDataWrapInner><p>It said it continues to be focused on expanding its market presence and on strengthening operational efficiencies in order to stay competitive and profitable in the next 12 months.</p></div>

<div class=newsTextDataWrapInner><p>Atlan closed unchanged today at RM4.48 valuing the company at RM1.136 billion.</p></div>


Duty-free operator Atlan Holdings Bhd posted a 78% plunge in net profit to RM5.78 million for the fourth quarter ended Feb 28, 2019 (4QFY19) against RM26.35 million in the previous corresponding quarter, on the back of lower earnings in all business segments.

The group's business segments comprise duty free, automotive, property and hospitality, and investment holdings.

Atlan 4Q profit plunges 78% on lower contribution across business segments

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The Madani government will look into the hardship faced by the people in Sabah, especially in terms of socioeconomic poverty as well as improvements to infrastructure for the benefit of the people.

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Deputy Minister of Communications Teo Nie Ching cautioned the public on the latest tactics of scammers impersonating ministry officials.

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A huge blast at a military base in Iraq early on Saturday killed a member of an Iraqi security force that includes Iran-backed groups. The force commander said it was an attack while the army said it was investigating and there were no warplanes in the sky at the time.

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Barisan Nasional (BN) component parties are required to help the candidate representing the unity government in the Kuala Kubu Baharu state by-election, said BN deputy chairman Datuk Seri Mohamad Hasan.

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Chief Minister Datuk Seri Hajiji Noor emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state.

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Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.

Scientex project general manager (property division) Tang Song Teik said that so far, the company has handed over 35,062 affordable housing units, with about 70% of them sold at prices below RM300,000.

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The Madani government is committed to eradicating hardcore poverty in Sabah despite knowing the situation is quite complicated to resolve, said Prime Minister Datuk Seri Anwar Ibrahim.

Madani govt committed to eradicating hardcore poverty in Sabah, says Anwar

S P Setia Bhd has officially launched the LakePoint Complex commercial hub at the 1,235-acre freehold township of SetiaAlam Impian in Shah Alam on Saturday. The ceremony was officiated by the Sultan of Selangor, Sultan Sharafuddin Idris Shah.

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The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has extended condolences to the family of former inspector general of police Tun Mohammed Hanif Omar, who died early on Saturday morning.

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<p>Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.</p>


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<p>A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.</p>


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<p>The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has extended condolences to the family of former inspector general of police Tun Mohammed Hanif Omar, who died early on Saturday morning.</p>


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<p>Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.</p>

<p>Scientex project general manager (property division) Tang Song Teik said that so far, the company has handed over 35,062 affordable housing units, with about 70% of them sold at prices below RM300,000.</p>


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<p>The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.</p>


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<p>Chief Minister Datuk Seri Hajiji Noor emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state.</p>
