LHI’s 1Q net profit jumps 222% to record RM70.33m

Leong Hup International 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.

KUALA LUMPUR: Leong Hup International Bhd (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.