KUALA LUMPUR: Fresh off a record-breaking performance in 2023, Hextar Global Bhd
is confident it will sustain its growth momentum, moving forward, underpinned by a strong foundation to support expansion in its core business.
In the fourth quarter ended Dec 31, 2023 (4Q23), the agrochemicals and speciality chemicals products firm registered net profit of RM23.39mil, which was considerably higher than the RM4.64mil it reported in the same quarter of 2022.
The group reported quarterly revenue of RM214.28mil, up from RM134.06mil in the quarter a year ago.
The strong performance was fuelled by an improved performance in the speciality-chemicals segment, coupled with the contribution from a new revenue stream in the fruits segment, which benefited from the year-end durian season.
Apart from an improved performance across its core segments, the group also disposed of the loss-making consumer products segment in 2Q23.
“We have had a remarkable performance in the fourth quarter to bookend a transformative year for Hextar.
“Even more satisfying was our ability to continue to deliver increased margins along with the growth,” said group managing director Lee Chooi Keng in a statement.
For financial year 2023, Hextar posted a net profit of RM56.08mil, up from RM49.54mil in FY22, while revenue was RM669.44mil compared with RM594.91mil.
The board of directors declared a first interim dividend of one sen per share, payable on April 5, 2024.
