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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The Star
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- The Star
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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Wasco set to expand as 1Q25 revenue increases
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Leong Hup 1Q profit soars 80% to RM101.8m; declares 1 sen dividend
LEONG Hup International Bhd (LHI) saw a 79.92% jump in net profit to RM101.80 million for the first quarter ended March 31, 2025 (1Q25), driven by higher average selling prices and lower operating costs, with strong contributions from Malaysia, Vietnam, and the Philippines. The group declared a first interim dividend of one sen per share, payable on July 1. Despite the profit surge, quarterly revenue declined 8.30% year-on-year to RM2.21 billion, weighed down by weaker performance in Malaysia and Singapore. While the Philippines saw higher revenue from increased chicken prices and volumes, it was not enough to offset lower egg prices in Malaysia and reduced fresh chicken and duck sales in Singapore. Looking ahead, Leong Hup expects margins to remain supported by easing feed costs, especially for corn and soybean meal. The stock closed unchanged at 61 sen today, with a market cap of RM2.20 billion. –TMR
