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.