Leong Hup’s 1Q net profit rises 8.7% to RM22mil

KUALA LUMPUR: Leong Hup International Bhd said the strong regional economies provide a good backdrop for higher consumption of its products.

“While the high cost of raw materials and attempts by governments to manage food inflation continues to create uncertainties for our financial performance, barring unforeseen circumstances, the group expects to achieve a satisfactory performance for financial year 2023,” the integrated poultry producer said in a filing with Bursa Malaysia.