Teo Seng records stronger performance in Q4

Uptrend: Teo Seng’s poultry farming segment increased 15 to RM56mil mainly due to the continued stable selling price of eggs and higher sales quantities, resulting from its upgrading of farm infrastructure and facilities to bring better production efficiency.

PETALING JAYA: Teo Seng Capital Bhd’s net profit for the fourth quarter rose 19.3% to RM17.27mil on the back of the company’s stronger performance in both its business segments.

The group also saw its total revenue jump 26.3% for the three-month period ending Dec 31 2018, from a 27% increase in poultry farming and a 24% rise in investment and trading.