LHI to expand Baker s Cottage to 280 outlets by end-2023 thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
(LHI), one of Asean’s largest fully integrated producers of poultry, egg and livestock feed, posted an impressive set of financial results in the first quarter ended March 31,2021 (1Q21).
LHI’s executive director and group CEO Tan Sri Francis Lau Tuang Nguang said on Thursday the group delivered a strong set of results, with pre-tax profit up 199.6% to RM105.15mil.
It posted a record net profit of RM70.33mil, which was the strongest quarterly performance since it was listed about two years ago. Net profit was 222.8% above the RM21.79mil a year ago.
Its revenue increased by 16.9% to RM1.68bil from RM1.43bil. Earnings per share were 1.93 sen compared with 0.6 sen a year ago. It declared an interim dividend of 0.66 of a sen.