Thursday 28 Mar 2024
By
main news image

This article first appeared in The Edge Financial Daily on November 14, 2018

KUALA LUMPUR: Poultry farmer and egg producer Teo Seng Capital Bhd saw its net profit jump more than six times to RM7.02 million for the third quarter ended Sept 30, 2018 (3QFY18), from RM1.13 million a year ago, on improved selling prices of eggs and higher sales quantities, coupled with lower feed cost.

Earnings per share for 3QFY18 were up at 2.34 sen, compared with 0.38 sen for 3QFY17.

Quarterly revenue grew 14.6% to RM125.26 million from RM109.29 million a year ago. The strong quarterly results helped the group turn a net profit of RM13.1 million for the cumulative nine-month period (9MFY18), versus a net loss of RM11.01 million for 9MFY17, while revenue grew 12.1% to RM343.06 million from RM306.04 million a year ago.

In view of the current stable selling prices, Teo Seng expects its financial performance for the remaining three-month period of FY18 to be satisfactory.

      Print
      Text Size
      Share