Hextar hopeful about prospects

PETALING JAYA: Hextar Industries Bhd saw its net profit for the first quarter ended March 31 plunging 78.1% year-on-year (y-o-y) to RM4.5mil, while group revenue eased 11.8% to RM238mil.

In a filing with Bursa Malaysia, the group attributed the reduced earnings principally to the lower average selling price of fertilisers – which has decreased significantly from their 2022 peak – despite the higher sales volume achieved during the quarter under review.