Hextar Global profit slips 5pct despite revenue growth
KUALA LUMPUR: Hextar Global Bhd's net profit fell 5.1 per cent to RM15.12 million in the second quarter (Q2) ended June 30, 2026, from RM15.93 million a year ago, despite a 12.1 per cent increase in revenue.
KUALA LUMPUR: Hextar Global Bhd reported a 5.1% decline in net profit to RM15.12 million in the second quarter of 2026, while revenue increased by 12.1% to RM199.1 million. The company attributes the profit drop to a dip in revenue from its speciality chemicals segment. For the first half of 2026, net profit remained stable at RM29.4 million, but revenue fell to RM395.25 million from RM416.07 million in the same period last year.
Hextar expects its agriculture segment to continue operating in a challenging yet stable environment in 2026. Its speciality chemicals business is predicted to perform moderately, depending on global economic conditions, energy prices, and industrial demand trends. The company's fruits segment is expected to maintain steady prospects due to ongoing demand for Malaysian durians both domestically and in export markets.
Hextar anticipates export opportunities, especially to China, will bolster its prospects, provided they adhere to phytosanitary requirements and trade regulations.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
