KUALA LUMPUR: Hextar Global Bhd
is optimistic over its prospects with the speciality chemicals segment performing "distinctively well" while the agricultural market was catching up amid stabilising herbicide prices.
In addition, the group said it expects positive upward price movement for its herbicide products in the near future.
In the third quarter ended Sept 30, 2024, Hextar Global posted a net profit of RM19.71mil, up from RM15.39mil in the year-ago quarter, which translates to earnings per share of 0.51 sen to 0.4 sen previously.
The group reported revenue of RM252.96mil in 3QFY24 compared to RM182.94mil in the comparative quarter.
For the nine months period, Hextar Global recorded a net profit of RM51.01mil as compared to RM34.71mil in 9MFY24, while revenue rose to RM698.19mil from RM455.16mil previously.
The group declared a second interim dividend of 0.8 sen per share, payable on Dec 30, 2024, to shareholders appearing in the record of depositors on Dec 11, 2024.
"Hextar continues to commit to its sustainable growth as we booked our third quarter with exemplary results throughout the second half of 2024.
"Looking ahead to the remainder of the year, we will continue to drive our business segments through constant innovations and focus on delivering growth across our portfolio," said group managing director Lee Chooi Keng in a statement.
