PETALING JAYA: Leong Hup International Bhd
(LHI) will maintain prudence in managing its resources to deliver sustainable growth in light of the heightened uncertainty arising from the tariff announcements by the United States.
The group is cautiously optimistic as opportunity for growth in chicken and egg consumption per capita remained high in the countries it operates in while also expecting margins to remain relatively stable.
Releasing its results for the second quarter ended June 30, 2025 yesterday, LHI saw net profit dip 6.4% year-on-year to RM90.3mil, as revenue was also lower by 9.4% to RM2.1bil.
The group said the revenue decrease was primarily driven by the decline in the Indonesian market, which was impacted by lower selling prices.
