PETALING JAYA: Lay Hong Bhd
's net profit for the second quarter ended Sept 30, 2024 (2Q25) jumped by more than seven times year-on-year (y-o-y) as it reported an increase in earnings across all segments.
In 2Q25, the egg producer's net profit surged to RM29.8mil from RM4.02mil previously, translating to an earnings per share of 3.94 sen. Revenue for the period also increased by 13% y-o-y to RM276.7mil from RM244mil.
For the six months ended Sept 30, 2024, Lay Hong’s net profit increased by more than five times y-o-y to RM43.2mil from RM8.04mil previously. Revenue was up by 10% y-o-y in the period to RM550.5mil.
In a filing with Bursa Malaysia, the group said revenue for its integrated livestock farming segment increased by 18.46% y-o-y in 2Q25 from RM188.95mil to RM223.82mil due to higher quantity of live chicken and eggs sold.
Additionally, Lay Hong’s revenue for the food manufacturing segment recorded an increase of 19.81% y-o-y in 2Q25 from RM121.09mil to RM145.08mil due to increase in sales quantity of primary processed poultry products and further processed poultry products, especially in East Malaysia.
Moreover, the group’s revenue for its retail business increased by 3.5% from RM53.89mil to RM55.78mil due to higher patronage.
Going forward, the group expects its performance to remain steady in the remaining quarters.
Lay Hong said its overall cost of production is projected to remain advantageous due to the current favourable prices of its major component of input cost such as corn and soya bean meal. The group said this will improve its overall profit margin.
