Higher egg prices boon for Teo Seng

TheStar Thu, Aug 13, 2020 09:00am - 3 years View Original


“The weakenening of ringgit caused an increase in feed cost and the decrease in sales quantity of eggs in second quarter, ” the company said.

KUALA LUMPUR: Teo Seng Capital Bhd, one of the largest egg producers in the country, said improved egg prices helped the company achieve steady revenue in the second quarter for the financial year ending Dec 31,2020.

But higher feed cost and lower sales volume had resulted in weaker earnings.

Teo Seng Capital, in a statement yesterday, said sales stood at RM120.8mil compared with RM121.2mil registered in the same quarter last year.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

TEOSENG 1.740

Comments

Login to comment.