PETALING JAYA: Leong Hup International Bhd
(LHI) remains cautiously optimistic of its prospects in spite of external volatilities, as opportunities for growth in per capita chicken and egg consumption continue to be significant across the markets in which it operates.
Releasing its results for the first quarter ended March (1Q26) of the financial year ending 2026 (FY26) yesterday, LHI posted a net profit growth of 13% year-on-year (y-o-y) to RM115mil, as revenue inched up 2.4% to RM2.26bil.
The group credited its improved earnings to higher selling prices and sales volume of broiler day-old-chicks (DOCs) and eggs. In Indonesia, it said both selling prices and sales volumes rose for broiler DOCs and broiler chickens.
“Singapore’s revenue saw a modest improvement, largely due to higher selling prices and sales volume of fresh chicken,” said LHI in a bourse filing.
Compared to the preceding quarter ended December, while turnover has remained largely stable, bottom line dropped 36% from RM179.9mil.
The group attributed the quarterly decline primarily to lower selling prices for broiler chickens and eggs in Vietnam, as well as lower selling prices and sales volume for eggs in Malaysia. On top of that, lower margins and timing of operating expenditures also eroded sequential earnings.
