LHI executive director and group CEO Tan Sri Francis Lau Tuang Nguang said in Q2, the group’s livestock segment was affected by the headwinds on the selling prices of poultry products which have spared no operators in the region.
KUALA LUMPUR: Poultry company Leong Hup International Bhd
(LHI) posted a 75.5% fall in net profit to RM16.08mil in the second quarter ended June 30,2019 following the fall in broiler day-old-chicks (DOC) prices but it expects the third quarter to show an improvement.
LHI, one of the largest fully integrated producers of poultry, egg and livestock feed in Southeast Asia, said on Thursday its revenue however rose by 3.8% to RM1.48bil from RM1.42bil a year ago.
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