Teo Seng Capital BHD Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011; Provides Earnings Guidance for the Fourth Quarter Ending March 31, 2012
February 28, 2012
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Teo Seng Capital BHD reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported revenue of MYR 74,063,000 against MYR 55,642,000 for the same period a year ago. Profit before taxation was MYR 9,936,000 against MYR 8,703,000 a year ago. Profit for the period was MYR 7,042,000 against MYR 6,332,000 a year ago. Profit for the period attributable to equity holders of the parent was MYR 7,154,000 or MYR 3.58 per basic share against MYR 6,332,000 or MYR 3.17 per basic share a year ago.
For the nine months, the company reported revenue of MYR 201,673,000 against MYR 148,912,000 for the same period a year ago. Profit before taxation was MYR 21,212,000 against MYR 22,421,000 a year ago. Profit for the period was MYR 15,178,000 against MYR 17,459,000 a year ago. Profit for the period attributable to equity holders of the parent was MYR 15,348,000 or MYR 7.67 per basic share against MYR 17,459,000 or MYR 8.73 per basic share a year ago. Net cash flow from operating activities was MYR 21,340,000 against MYR 19,946,000 a year ago. Purchase of property, plant and equipment was MYR 13,051,000 against MYR 11,885,000 a year ago. Net assets per share attributable to ordinary equity
holders of the parent as on December 31, 2011 were MYR 0.56 against MYR 0.50 as on December 31, 2010.
In view of the recent lower selling price of eggs in domestic market, the group's financial performance is expected to be satisfactory for the next quarter ending March 31, 2012.
Teo Seng Capital Berhad is a Malaysia-based company that is engaged in the business of investment holding and provision of management services. The Company and its subsidiaries are principally engaged in the production and distribution of eggs, animal health products, animal feeds, paper egg trays and fertilizer by-product business. The Company operates through two segments: Poultry Farming and Investment and Trading. Its Poultry Farming segment is engaged in the production of eggs, animal feeds, paper egg trays, and fertilizer by-products. Its Investment and Trading segment is engaged in the distribution of pet food, medicine, and other animal health-related products, investment holding and provision of management services. The Company's subsidiaries include Teo Seng Farming Sdn. Bhd., Teo Seng Feedmill Sdn. Bhd., Success Century Sdn. Bhd., Ritma Prestasi Sdn. Bhd. and others.
Teo Seng Capital BHD Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011; Provides Earnings Guidance for the Fourth Quarter Ending March 31, 2012