KUALA LUMPUR: Hextar World Bhd posted a internet revenue of RM7.21mil within the third quarter ended Sept 30, 2021, a 42.22% decline from RM12.47mil within the earlier corresponding quarter on the again of the worldwide provide chain disruption leading to uncooked materials shortages and worth escalations.
For the quarter, earnings per share got here to 0.55 sen in comparison with 0.96 sen within the comparative quarter.
The group reported income of RM112.5mil, a marginal improve of RM1mil over the identical quarter final yr.
“Demand for agrochemical merchandise has been growing however supply has been delayed as a result of bottlenecks within the provide chain.
“We consider that the scenario ought to normalize quickly however we are going to proceed to observe the present international provide chain problem intently because it stays an obstacle to enterprise operations globally,” stated govt director Datuk Eddie Ong Choo Meng in a Monday assertion.
He added that the group was conscious that diversification was a key contributor to enterprise sustainability.
“On this respect, we’re happy to spotlight that the Group has accomplished the acquisition of Nobel Artificial Polymer Sdn. Bhd. and Nobel Scientific Sdn. Bhd. on 18 November 2021.
“Along with Alpha Intention (M) Sdn. Bhd. and Chempro Expertise (M) Sdn. Bhd., these firms are anticipated to contribute positively to the long run earnings of the Group as we develop into the specialty chemical sector,” he stated.
With indicators of financial restoration in Malaysia and globally, he stated Hextar is well-positioned to realize improved enterprise efficiency in future years.
