Hextar Global released its fourth quarter results with group’s revenue surging 59.8% or RM80.2 million to RM214.3 million. Profit after tax more than quadrupled to RM23.3 million compared to RM4 million registered in Q4FY22.
The group attributed to growth in sales across all three segments, particularly the Fruits segment, a newly diversified durian trading business since November 2023, which contributed RM52.1 million to the group revenue. Additionally, revenue also grew from Specialty Chemicals and Agriculture by RM20.9 million and RM7.1 million respectively.
On a year-on-year basis, the Group registered a revenue of RM669.4 million and PAT of RM56 million against its 2022 full year profits of RM49 million. The positive results it said was was mainly driven by the strong growth in the Specialty Chemicals segment and the contribution from the newly acquired durian processing business
On a quarter-on-quarter comparison, the Group’s revenue recorded at RM214.3 million compared to RM182.9 million in the previous quarter, reflecting a growth of 17.1% or RM31.4 million. The revenue growth was primarily driven by the new durian business which contributed RM52.1 million to the revenue, followed by Specialty Chemicals of RM2.1 million. However, the revenue was moderated by accelerated revenue of RM22.8 million in Agriculture segment. The decrease in revenue, apart from the softening in price for key herbicides products, it is also attributed to reduced pesticide application during the rainy season towards year-end.
Consolidated PBT improved by RM13.6 million to RM38.4 million, demonstrating a growth of 54.6% from the previous quarter. The new Fruits segment has contributed RM12.0 million of the enhanced earnings.
