Leong Hup's 1Q25 net profit jumps 80%
PETALING JAYA: Leong Hup International Bhd (LHI) remains cautiously optimistic despite ongoing uncertainties and challenges, as the group sees strong growth potential in per capita chicken and egg consumption across the countries where it operates.
'In addition, we expect margins to be cushioned with the easing of feed input costs, particularly corn and soybean meal.
'In light of the uncertainty and challenging times ahead, the group will exercise prudence in managing its financial resources. Barring any unforeseen circumstances, the group expects to deliver a satisfactory performance in 2025,' the integrated producers of poultry, eggs and livestock feed said.
In the first quarter of financial year ended March 31 (1Q25), LHI's net profit jumped 80% to RM101.8mil against RM56.6mil in the year-ago quarter.
Revenue, however, dipped 8.3% to RM2.21bil compared with RM2.4bil previously, while earnings per share rose to 2.81 sen from 1.55 sen last year.
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Leong Hup's 1Q25 net profit jumps 80%
PETALING JAYA: Leong Hup International Bhd (LHI) remains cautiously optimistic despite ongoing uncertainties and challenges, as the group sees strong growth potential in per capita chicken and egg consumption across the countries where it operates. 'In addition, we expect margins to be cushioned with the easing of feed input costs, particularly corn and soybean meal. 'In light of the uncertainty and challenging times ahead, the group will exercise prudence in managing its financial resources. Barring any unforeseen circumstances, the group expects to deliver a satisfactory performance in 2025,' the integrated producers of poultry, eggs and livestock feed said. In the first quarter of financial year ended March 31 (1Q25), LHI's net profit jumped 80% to RM101.8mil against RM56.6mil in the year-ago quarter. Revenue, however, dipped 8.3% to RM2.21bil compared with RM2.4bil previously, while earnings per share rose to 2.81 sen from 1.55 sen last year.
