LHI's 1Q net profit jumps 222% to record RM70.33m : vimarsan

LHI's 1Q net profit jumps 222% to record RM70.33m


(LHI), one of Asean’s largest fully integrated producers of poultry, egg and livestock feed, posted an impressive set of financial results in the first quarter ended March 31,2021 (1Q21).
LHI’s executive director and group CEO Tan Sri Francis Lau Tuang Nguang said on Thursday the group delivered a strong set of results, with pre-tax profit up 199.6% to RM105.15mil.
It posted a record net profit of RM70.33mil, which was the strongest quarterly performance since it was listed about two years ago. Net profit was 222.8% above the RM21.79mil a year ago.
Its revenue increased by 16.9% to RM1.68bil from RM1.43bil. Earnings per share were 1.93 sen compared with 0.6 sen a year ago. It declared an interim dividend of 0.66 of a sen.

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