PETALING JAYA: Yong Peng, Johor-based poultry firm Teo Seng Capital Bhd
’s net profit dropped 52.8% to RM5.65mil for the third quarter ended Sept 30 compared with the same quarter a year ago.
This is due to higher production cost, lower egg selling prices and decreased foreign exchange gains, the company said in a filing with Bursa Malaysia.
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