TEOSENG (7252) : Teo Seng Capital Q3 earnings up, proposes bonus issue, warrants
KUALA LUMPUR: Poultry-based Teo Seng Capital Bhd’s earnings jumped 56% to RM10.76mil in the third quarter ended Sept 30, 2014 from RM6.89mil a year ago as it benefited from higher selling prices for its products and lower feed price.
It said on Tuesday its revenue was RM95.66mil, an increase of 19.1% from RM80.28mil. Earnings per share were 5.38 sen compared with 3.45 sen. It declared an interim dividend of five sen a share.
Teo Seong Capital said its poultry farming recorded an RM11mil increase in revenue and higher pre-tax profit by RM19.8mil due to higher selling price and coupled with lower feed price.
For its investment and trading, its revenue increased by RM19.8mil due to sales of animal health products. It recorded pre-tax profit of RM6mil.
For the nine months, its earnings were at RM30.64mil, an increase of 73.1% from RM17.69mil in the previous financial period. Its revenue rose to RM272.47mil from RM241.60mil.
The company also proposed a bonus issue of 100 million shares on a one-for-two basis. The bonus shares would be issued in a single tranche.
Teo Seng Capital also proposed the issuance of warrants of 50 million warrants on the basis of one warrant for every four existing shares held.
http://www.thestar.com.my
KUALA LUMPUR: Poultry-based Teo Seng Capital Bhd’s earnings jumped 56% to RM10.76mil in the third quarter ended Sept 30, 2014 from RM6.89mil a year ago as it benefited from higher selling prices for its products and lower feed price.
It said on Tuesday its revenue was RM95.66mil, an increase of 19.1% from RM80.28mil. Earnings per share were 5.38 sen compared with 3.45 sen. It declared an interim dividend of five sen a share.
Teo Seong Capital said its poultry farming recorded an RM11mil increase in revenue and higher pre-tax profit by RM19.8mil due to higher selling price and coupled with lower feed price.
For its investment and trading, its revenue increased by RM19.8mil due to sales of animal health products. It recorded pre-tax profit of RM6mil.
For the nine months, its earnings were at RM30.64mil, an increase of 73.1% from RM17.69mil in the previous financial period. Its revenue rose to RM272.47mil from RM241.60mil.
The company also proposed a bonus issue of 100 million shares on a one-for-two basis. The bonus shares would be issued in a single tranche.
Teo Seng Capital also proposed the issuance of warrants of 50 million warrants on the basis of one warrant for every four existing shares held.
http://www.thestar.com.my
