LHI executive director/group CEO Tan Sri Francis Lau Tuang Nguang said since the beginning of the year, the group had operated against a backdrop of challenging operating environment which was exacerbated by the Covid-19 pandemic.
PETALING JAYA: Poultry player Leong Hup International Bhd
’s (LHI) revenue stood at RM1.43bil for the first quarter ended March 31,2020.
The figure compared with RM1.51bil in the preceding year’s corresponding quarter.During the quarter in review, LHI’s profit after tax and minority interests stood at RM21.8mil, compared with RM60.6mil, weighed down by the overall softness in demand amid the onset of the Covid-19 pandemic and weak prices.
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