Latest news with #RM1.09bil
The Star
29-05-2025
- Business
- The Star
LHI's 1Q net profit jumps 80% to RM101.8mil
KUALA LUMPUR: 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 ended March 31, 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. LHI said its revenue from sales of livestock and poultry-related products marginally increased by 0.7% from RM1.3bil in 1Q24 to RM1.32bil in 1Q25. While the Philippines saw revenue growth driven by higher average selling price and sales volume of dressed chicken, this was offset by the reduction in Malaysia and Singapore markets, leading to minimal overall change in revenue. LHI said although average selling prices of day-old-chick and broiler chicken in Malaysia increased, the revenue decreased due to lower average selling price of eggs. Singapore's revenue decreased mainly from lower average selling price and sales volume of fresh chicken and lower sales volume of ducks. Meanwhile, the group's revenue from feedmill decreased by 19.2% from RM1.09bil in 1Q24 to RM882.7mil in 1Q25. The decrease was due primarily to lower average selling price in all countries that the group operates in, following the reduction in raw material costs and lower sales volume in Vietnam and Malaysia. LHI has declared a single-tier first interim dividend of 1.00 sen per ordinary share amounting to RM36mil in respect of the financial year ending Dec 31, 2025, payable on July 1.
The Star
05-05-2025
- Business
- The Star
FBM KLCI makes a midday reversal as investors take profit
KUALA LUMPUR: After a promising start, the domestic market succumbed to profit-taking although losses remained capped by the prospect of the US and China finding an end to the current tariffs impasse. The FBM KLCI dropped 7.05 points to 1,535.44, but remained perched atop five-week highs. The overall market was also seen retreating at a ratio of 2.13-to-1, which suggested a broad-based pullback after recent gains. Volume was 1.47 billion shares changing hands at RM1.09bil. In regional markets, Hong Kong's Hang Seng jumped 1.74% to 22,504. Shanghai's composite index slipped 0.23% to 3,279. In Japan, the Nikkei rose 1.04% to 36,830 and Singapore's Straits Times index was up 0.1% to 3,849. On the blue-chip index, MISC slid 33 sen to RM7.18, Kuala Lumpur Kepong fell 28 sen to 19.58 and PETRONAS Dagangan dropped 26 sen to RM19.24. Other notable laggards included LPI Capital, slumping 22 sen to RM14.02, and SAM Engineering osing 19 sen ot RM3.42. Of actives, ACE Market debutant West River shed 1.5 sen to 37.5 sen. National gate dove six sen to RM1.46 and SFP Tech rose 1.5 sen to 23.5 sen. Trading ideas: CIMB, SunREIT, PLB, Capital A, GenM, MN, TCS, Exsim, OB, Sentoria, Farm price, Jentayu, Ramssol
