Leong Hup International Bhd, a major Malaysian feed mill and poultry company, has posted a net profit of MYR 67.31 million (~US$15.1 million; MYR 1 = US$0.22) in the third quarter of this year, compared to a net loss of MYR 53.42 million (~US$12 million) in the same quarter in 2021 thanks to higher contribution from bo .
KUALA LUMPUR: Leong Hup International Bhd’s (LHI) net profit fell 27.7% to RM37.99mil in the fourth quarter ended Dec 31, 2021 (4Q21) from RM52.55mil a year ago.
(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.
Leong Hup’s net profit slips to RM113m in FY20 23 Feb 2021 / 22:06 H.
KUALA LUMPUR: Leong Hup International Bhd’s net profit for the financial year ended Dec 31, 2020 (FY20) slipped to RM113.15 million from RM150.58 million in the previous financial year.
Revenue decreased marginally to RM6.04 billion from RM6.05 billion previously.
However, on a quarterly basis, Leong Hup International’s net profit almost doubled to RM52.56 million in the fourth quarter of FY20 against RM29.53 million in the same quarter of FY19 while revenue for the quarter rose 4.1 per cent to RM1.61 billion from RM1.54 billion in the same quarter previously.