Leong Hup Q3 net profit up on higher revenue


PETALING JAYA: Leong Hup International Bhd’s (LHI) net profit rose 26% to RM44.38mil in the third quarter ended Sept 30,2019 (3Q19) from RM35.20mil a year ago on the back of improvement in group revenue.

In a filing with Bursa Malaysia, the largest poultry producer in South-East Asia said its revenue was up to RM1.52bil in the quarter compared with RM1.42bil a year ago, mainly driven by the sales of livestock and poultry-related products.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact

Others Also Read