Stronger 3Q earnings by Leong Hup International

Leong Hup International executive director / group CEO, Tan Sri Francis Lau Tuang Nguang said: “The group’s performance was commendable during the third quarter this year, and this highlights the resiliency of our business model, where our feedmill segment in Indonesia and Vietnam continued to see growth in volume and sales.”

KUALA LUMPUR: Leong Hup International Bhd posted a much improved set of financial results in the third quarter ended Sept 30,2019, underpinned by an improvement in broiler chickens and eggs and livestock feed prices.

LHI, one of the largest fully integrated producers of poultry, egg and livestock feed in Southeast Asia, announced on Tuesday its net profit rose by 26% to RM44.38mil from RM35.20mil.