KUALA LUMPUR (Dec 19): The Malaysia Competition Commission (MyCC) has granted the units of Leong Hup International Bhd, PPB Group Bhd, and Malayan Flour Mills Bhd (MFM) the final extension to submit its representation in response to the alleged price-fixing of poultry feed case.
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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 returned to the black with a net profit of RM67.31 million in the third quarter ended Sept 30, 2022 (Q3 2022) compared to a net loss of RM53.42 million in the corresponding quarter last year.
Malaysia-based Dindings Poultry Development Centre Sdn Bhd (DPDC), a partially-owned subsidiary of Malayan Flour Mills Bhd (MFM), has received a one month extension to submit a written submission in response to allegations by the Malaysia Competition Commission (MyCC) that the company was involved in poultry feed price .