Teo Seng Delivers Solid Q3 PAT, Up 32% To RM58 Million

Teo Seng Capital Berhad announce its third quarter results achieving a profit after tax (PAT) of RM58.1 million, marking a 32.4% increase over the corresponding quarter last year (Q3FY23: RM43.8 million).

The Group recorded a revenue of RM190.3 million in the third quarter ended 30 September 2024, a slight decreased from RM200.0 million as compared in the previous year corresponding quarter. On a year-to-date, the Group's PAT reached RM118.5 million, marking a growth of RM29.5 million or 33.2% growth from RM88.9 million in corresponding period last year.

Key areas that saw gains were the poultry farming segment with saw revenue of RM162.4 million, with a pre-tax profit rising to RM50.2 million from RM39.3 million. The growth it said was attributed to enhanced productivity, cost efficiencies, and stable feed costs.

Investment and Trading of Poultry-Related Products Segment: This segment reported a significant revenue of RM27.9 million, with pre-tax profit climbing 1.5 times to RM3.3 million (Q3FY23: RM1.3 million), driven by increased demand for animal
health products.

In view of the solid performance, the board announced a third Interim Dividend of RM0.04 per Share amounting to RM11.9
million.

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Teo Seng Delivers Solid Q3 PAT, Up 32% To RM58 Million

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