KUALA LUMPUR: Elk-Desa Resources Bhd has declared a single-tier interim dividend of two sen per share following the release of its result for the second quarter of its financial year ending March 31, 2022 (Q2’FY22).

       During the quarter in review, the non-bank lender posted a net profit of RM4.8mil, compared with RM10.8mil in Q2’FY21. The lower earnings were mainly due to business disruptions during the movement restrictions between June and September 2021.

       Elk-Desa’s revenue stood at RM23.4mil for Q2’FY22 compared with RM37.4mil for Q2’FY21 due to lower contribution from both hire purchase and furniture segments.