Lay Hong makes a loss in Q2, expects egg prices to recover

Lay Hong expects egg prices to rise in the coming quarters as the industry takes action to regularise supply.

KUALA LUMPUR: The weak ringgit is eating into profits at Lay Hong Bhd, but the poultry producer expects higher egg prices in the coming months to  lift its performance.

The company, in a filing with Bursa Malaysia on Monday, said the ringgit’s slump has resulted in a significant 8% jump in feed cost during the three-month ended Sept 30.