KUALA LUMPUR: Teo Seng Capital Bhd
is optimistic about its financial performance for the remaining three-month period ending Dec 31, 2024.
The poultry group said this outlook is supported by improved productivity, stable feed costs, and barring unforeseen circumstances.
Teo Seng’s net profit rose 32.4% to RM58.05mil, or earnings per share of 19.50 sen in the third quarter ended June 30, compared with RM43.83mil, or 14.94 sen in the same quarter a year ago.
Revenue, however, was 4.8% lower at RM190.3mil against RM199.9mil a year prior.
For the first nine months to Sept 30, Teo Seng posted a 33.2% increase in net profit to RM118.5mil, on a marginally higher revenue of RM565.35mil.
Teo Seng declared a third interim single-tier dividend of RM0.04 per share amounting to approximately RM11.9mil in respect of the current financial period under review.
