Leong Hup’s Q2 earnings soar on higher revenue

TheStar Wed, Aug 25, 2021 07:50am - 2 years View Original


LHIB said livestock and poultry-related products recorded higher revenue from Indonesia, Malaysia and the Philippines.

PETALING JAYA: Leong Hup International Bhd’s (LHIB) net profit for its second quarter (Q2) ended June 30, 2021 rose to RM30.50mil from RM16.23mil in the previous corresponding period, on the back of higher earnings from its livestock and poultry-related products as well as its feedmill business.

In a filing with Bursa Malaysia yesterday, the company said revenue in the quarter increased to RM1.85bil from RM1.43bil a year earlier.

LHIB said livestock and poultry-related products recorded higher revenue from Indonesia, Malaysia and the Philippines.

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