Leong Hup posts record earnings in first quarter

LHI’s executive director and group chief executive officer Tan Sri Francis Lau Tuang Nguang (pic) said the group delivered a strong set of results, with pre-tax profit up by 199.6% to RM105.15mil.

PETALING JAYA: Leong Hup International Bhd (LHI) has posted a record net profit of RM70.33mil in the first quarter ended March 31,2021 (Q1), which is its strongest quarterly performance since it was listed about two years ago.

LHI, one of Asean’s largest fully integrated producers of poultry, egg and livestock feed, said its net profit was 222.8% above the RM21.79mil it recorded a year ago.