Some of the Lay Hong products. IZZRAFIQ ALIAS/THE STAR (filepic)
PETALING JAYA: Lay Hong Bhd
, which has received a takeover offer from QL Resources Bhd, has recorded close to a seven-fold rise in net profit for its second quarter ended Sept 30 to RM6.3mil from RM909,000 a year earlier due to higher egg prices and favourable average corn and soybean prices.
Corn and soybean are used as animal feed, which accounts for about 70% of Lay Hong’s operational cost.
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