23-05-2025
Hextar Global to ride on 1Q momentum
KUALA LUMPUR: Hextar Global Bhd is cautiously optimistic that the momentum seen in the first quarter of 2025 (1QFY25) will carry into the coming quarters.
The positive outlook was underpinned by the speciality chemicals segment, which continues to see strong demand, as well as the agriculture segment, which is showing early signs of recovery, said group managing director Lee Chooi Keng.
"Moving forward, we remain focused on cost discipline, capital efficiency, and unlocking value across our portfolio, including expanding our specialty chemicals market share.
"We are also positioning to capture seasonal upside in the fruits segment in the coming quarters,' she said in a statement announcing the company's 1QFY25 result.
During the quarter, Hextar Global posted a net profit of RM13.5mil and revenue of RM238.55mil, an improvement from net profit of RM12.14mil and revenue of RM232.27mil in the year-ago quarter.
Quarterly earnings per share rose to 0.35 sen from 0.31 sen previously.
According to the group's statement, the increase in revenue was mainly supported by higher sales contributions from the speciality chemicals and agriculture segments amounting to RM23.5mil and RM5.2mil respectively.
However, the improvement was partially off-set by a RM22.4mil lower performance from the Fruits segment largely due to lower inventory carry-over from the previous year and softer export demand.
