(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.
Agriculture
EXCLUDING the cash crop of oil palm, Malaysia’s agriculture sector has not excited investors and large corporations. For the longest time, the sector has been dominated by smallholders and hardly has there been any listed company involved in say large scale vegetable farming.
But some changes are happening.
For one, the topic of food security has hogged the limelight, egged on by the Covid-19 pandemic.
Consumers have felt rising prices of staples such as vegetables and meat. The supply chain disruption has impacted the import and export of food products.
This in turn, has thrown up opportunities for some.
Leong Hup Q4 net profit soars to RM52 56mil on higher revenue 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.
KUALA LUMPUR (Feb 23): Based on corporate announcements and news flow today, companies in focus tomorrow (Feb 24) may include: Nestle (M) Bhd, Petronas Chemicals Group Bhd, Perak Transit Bhd, IOI Corp Bhd, Leong Hup International Bhd, Sunway Construction Group Bhd, Petron Malaysia Refining & Marketing Bhd, ATA IMS Bhd, Syarikat Takaful Malaysia Keluarga Bhd, Manulife Holdings Bhd, Frontken Corp Bhd, Samchem Holdings Bhd, Berjaya Sports Toto Bhd, Supermax Corp Bhd, Genting Malaysia Bhd and AT Systematization Bhd.
Nestle (M) Bhd s (Nestle Malaysia) net profit for the fourth quarter ended Dec 31, 2020 ticked up 0.5% to RM132.47 million from RM131.82 million a year earlier. The group said its revenue registered a 3.1% increase to RM1.37 billion from RM1.33 billion a year ago, underpinned by sales in Out-of-Home channels as restrictions eased in the second half of the year under the Recovery Movement Control Order. Earnings per share increased marginally to 56.5 sen from 56.21 sen prev
Leong Hup records 4Q net profit jump to RM52 56mil 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.