Site icon aviNews International, poultry information

Leong Hup profit soars nearly 80%

Escrito por: Jess Ramanee

Leong Hup International, a major integrated poultry producer in Malaysia, reported a 79.92% surge in net profit for the first quarter ended March 31, 2025 (Q1 2025), as stronger average selling prices and lower operating costs fueled earnings, with key contributions from Malaysia, Vietnam, and the Philippines.

However, quarterly revenue declined 8.30% year-on-year to USD 471 million, down from USD 514 million, primarily due to weaker performance in Malaysia and Singapore, which offset gains in the Philippines.

Looking ahead, Leong Hup expects margins to improve, supported by lower feed costs, particularly for corn and soybean meal.

The company’s shares closed flat at USD 0.13, with a market capitalization of USD 468 million. Year-to-date, the stock has gained 0.83%.

Exit mobile version