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Teo Seng Quarter Review

24 Feb, 2023
Category: Quarter Result
Tags: Teo Seng

Teo Seng Capital delivered a stunning quarter result


Poultry Farming operator, Teo Seng Capital has turned a profit in the latest quarter. Here are some the snapshot of this company:
-Higher revenue due to the increase in the selling price of eggs
-Higher feed cost with the cushion of egg subsidy from the government and improved selling price of eggs have contributed to higher pre-tax profit
- Ceiling prices are expected to be uplifted after June.
- Production-wise, daily chicken eggs production stood at around 4.0 mil. The company expects to achieve around 4.50 mil daily chicken egg production in FY24.

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