Leong Hup nearly doubles earnings in 3Q, declares 1.2 sen dividend

KUALA LUMPUR: Leong Hup International Bhd (LHI) saw its net profit nearly doubled to RM132.96 million in the third quarter ended Sept 30, 2023 (3Q FY2023) from RM67.31 million previously.

In a filing with Bursa Malaysia today, the integrated poultry, eggs and livestock feeds producer said the strong performance was lifted by higher revenue backed by higher selling price and sales volume of both its livestock and poultry related products as well as its feedmill segments.