Hextar Healthcare swings to RM3.5m loss in 1Q on lower sales, higher costs
The loss was attributed to lower sales revenue and higher costs stemming from underutilisation of its production plant.
Quarterly revenue fell 6.69% to RM37.63 million from RM40.32 million in the same period last year.
In a filing with Bursa Malaysia, its MD Khoo Chin Leng said the company remains cautiously optimistic as the glove market gradually normalises, despite ongoing global trade and supply chain uncertainties, particularly from U.S. tariff policies.
He acknowledged that current soft demand and weak pricing may persist in the short to medium term.
Despite the challenging outlook, Khoo affirmed the group's commitment to becoming a leading healthcare industry player through continuous innovation and growth.
Hextar Healthcare's shares closed 9.09% higher at 12 sen TODAY, giving it a market capitalisation of RM143.2 million. –TMR
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Borneo Post
28 minutes ago
- Borneo Post
Agrobank allocates RM200 million for Agrofood Financing Fund 2025
Arthur (back) witnessing Tengku Ahmad (left) handing over the DPA 2025 to KPKM Business Development and Investment Division Secretary Khalid Ibrahim. KOTA KINABALU (Aug 1): Agrobank has earmarked RM200 million for its Agrofood Financing Fund (DPA) 2025 to support national food security and promote the long-term sustainability of Malaysia's agricultural and agrofood sectors. The fund provides financing facilities to farming communities engaged in agricultural and agrofood production activities — ranging from upstream to downstream — including related support services. The goal is to encourage the adoption of agrotechnology and enhance the resilience of the agrofood industry. Agrobank Chief Executive Officer Dato Tengku Ahmad Badli Shah Raja Hussin said the bank, as the implementing agency, offers financing between RM50,000 and RM5 million to eligible agricultural entrepreneurs at a profit rate of just three percent per annum. 'The financing covers fixed capital needs such as asset purchases and development costs, as well as working capital,' he said. 'It also supports the entire agrofood value chain, including food production like planting, farming and fishing, along with processing, distribution, marketing, and food preparation services.' Tengku Ahmad said the initiative reinforces Agrobank's role as a development financial institution (DFI) committed to providing inclusive, sustainable and accessible financing to farming communities and agro-industry players. 'This effort is aligned with the government's aim to boost the competitiveness of the nation's agri-food sector,' he added. The handing over of the DPA 2025 was witnessed by Deputy Agriculture and Food Security Minister Datuk Seri Arthur Joseph Kurup during a ceremony held at the Sabah International Convention Centre here today.
Rakyat Post
an hour ago
- Rakyat Post
Genting Malaysia Opens 2025 Scholarship Applications, Targeting Future Industry Leaders
Subscribe to our FREE Genting Malaysia Berhad has officially launched applications for its 2025 scholarship programme, continuing the company's commitment to nurturing local talent and fulfilling corporate social responsibility. The company announced today that since its establishment in 2006, the Genting Malaysia Scholarship has supported hundreds of talented Malaysian students in their higher education pursuits. It covers Additionally, recipients are given one return flight ticket. Key application details: Deadline: 15 August 2025 Age limit: Under 23 years old Eligibility: Malaysian citizens accepted into local or international universities for full-time undergraduate programmes Application method: Online only through the official website Academic requirements (any one): STPM/A-Level: Minimum 3 A grades Diploma/Foundation: Minimum CGPA 3.0 Other recognised pre-university qualifications with equivalent results Additional criteria: Active participation in extracurricular activities Demonstrated leadership abilities Willingness for personal development Priority given to: Families with a monthly income below RM10,000 who haven't received other scholarships or financial aid Supporting Malaysian Talent Development The scholarship covers key national development areas, including: Hospitality & Tourism Management Culinary Parks & Recreation Science Finance/ Accounting Actuarial Science Mathematics Data Analytics/Statistics Economics Electrical & Electronic Engineering Information Technology Computer Science Artificial Intelligence Business/Marketing Law Human Resources Psychology Since the inception of this scholarship, Genting Malaysia Berhad have seen how access to education can open doors and create lasting change, said Lee Thiam Kit, its Deputy President. At GENM, we are proud to play a part in empowering talented young Malaysians to pursue their academic goals and build a better future for themselves and their communities. For complete eligibility requirements and details, visit: Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
Rakyat Post
an hour ago
- Rakyat Post
30-Year-Old Malaysian With Less Than RM10K Savings: The Post That Got Everyone Talking
Subscribe to our FREE A Malaysian's social media post questioning whether 30-year-olds without RM10,000 in savings have 'something wrong' has created a massive online conversation that shows no signs of slowing down. The person claimed that 30-year-olds should have at least RM30,000 in savings, arguing that after years of working, those who can't even save RM10K 'definitely have something wrong with them.' This bold statement quickly divided the online community into two camps. Those who agreed with the original post made compelling arguments. They pointed out that someone earning RM5,000 monthly, who remains unmarried and lives with their parents, should reasonably be able to save RM10,000 by age 30. They also calculated that this would require averaging just RM2,000 in savings per year since graduation, which breaks down to approximately RM180 monthly. These supporters emphasised that emergency funds are essential for financial security. The Reality Check from Critics However, many Malaysians quickly shared their personal struggles that painted a very different picture. A 24-year-old confessed, 'Too many expenses, only RM20 left at month-end,' detailing monthly expenses that include utilities costing RM280, rent exceeding RM400, and food expenses around RM300. This young adult's situation resonated with countless others facing similar financial pressures. The discussion took on a more sobering tone when a 50-year-old admitted, 'Never had more than RM10K savings, but grateful Allah provides enough for my family.' This middle-aged perspective highlighted how even decades of working don't guarantee substantial savings for everyone. Real-World Financial Challenges As the conversation evolved, the public began sharing the genuine obstacles they face in building savings. Family obligations emerged as a major factor, with many explaining their responsibilities in caring for parents and supporting family members. The rising cost of living became another recurring theme, with people expressing frustration that 'everything is expensive, impossible to save.' Unexpected expenses, particularly medical bills and family emergencies, were also frequently mentioned as savings destroyers. Balanced Voices Emerge Fortunately, some provided more nuanced perspectives that helped balance the discussion. They reminded others that age 30 typically comes with additional commitments and responsibilities that younger people might not fully understand. These voices emphasised that caring for elderly parents shouldn't be viewed as 'problematic' but rather as prioritising family needs. Most importantly, they emphasised that individual circumstances vary significantly, rendering blanket financial judgments unfair and unrealistic. On the other hand, it is also worth noting that the person could have assets, investments, or other forms of wealth beyond liquid cash savings, which could easily explain why the immediate cash reserves appeared limited. READ MORE : Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
