Teo Seng Capital optimistic about FY25 outlook
The poultry group, in a filing with Bursa Malaysia, said this outlook is supported by improved productivity and stable feed costs.
In the first quarter ended March 31, Teo Seng's net profit rose 20.9% to RM41.1mil, or earnings per share of 6.95 sen compared with RM34mil, or 5.80 sen in the year-ago quarter.
Revenue, however, fell 11.3% to RM168.6mil against RM190mil last year.
Teo Seng has declared a first interim single-tier dividend of RM0.015 per share, amounting to approximately RM8.86mil, for the current financial period under review.
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