Zantat plans to expand product line

PETALING JAYA: Zantat Holdings Bhd managing director Ivan Chan says the launch of its bioplastic compound Earthya has been well-received by the industry, with increasing interest coming from both existing and potential clients.

Since the launch of Earthya in the first quarter of 2024, the group has been collaborating with downstream strategic partners to promote the product in the consumer market.

Zantat announced a net profit of RM1.93mil in the first quarter ended March 31, 2024, on revenue of RM28.76mil, of which 85.8% was derived from the production of ground calcium carbonate.

It declared a first interim dividend of 1.5 sen per share with entitlement date on June 11 and payable on June 25.