Hextar Industries 1Q net profit at RM20.4mil

PETALING JAYA: Hextar Industries Bhd expects the local fertiliser industry to recover and grow, driven by continuous interest from the government in the development of plantation crops.

For its first quarter ended March 31, 2023, the company reported a net profit of RM20.42mil on revenue of RM269.43mil a year earlier.

Pursuant to the change in its financial year end from Aug 31, 2022 to Dec 31, 2022, there are no comparative figures.

Hextar, which is a manufacturer and trader of fertilisers for the oil palm industry and also engaged in the supply of quarry industrial products, said basic earnings per share stood at 0.74 sen.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Hextar Industries , fertiliser


Next In Business News

China's Alipay is selling stake in India's Zomato for nearly US$400mil - term sheet
Jack Ma urges Alibaba to ‘correct course’ in rare internal memo
Axiata hit by asset impairment, maintains strong operating performance
Public Bank's net profit rises to RM1.7bil in 3Q
Mah Sing records RM1.8bil property sales in 9MFY23
Bursa Malaysia loses early gains as Asian markets falter
Farm Fresh expansion plans, recovering profit margin bolster outlook
Ringgit continues uptrend against US$
Bursa stays sideways pending fresh leads, US rate clarity
Trading ideas: KPJ, PetChem, Press Metal, IOI, KLCCP, Bank Islam, Gas Malaysia, IGB, Leong Hip, Farm Fresh and WCE

Others Also Read