Its consumer products segment also returned to the black, driven by strong revenue growth that was partly boosted by increased demand due to Covid-19.

"Being one of the biggest producers of agrochemical in Malaysia, the group was able to secure sufficient inventories to operate without disruption from the Covid-19 impact," it said.

The group said it will pay a first interim dividend of one sen per share on June 23, which amounts to RM8.06 million in total.

On outlook, Hextar Global said its agriculture segment turned out to be more essentially needed than before, as governments are prioritising food security. Hence, it is confident that the agriculture segment will continue to contribute a sustainable income to the group in 2020.

As for its consumer products segment, it said growth momentum is expected to continue throughout the rest of the year