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Lay Hong aims to sustain profit via expansion abroad

by 5m Editor
30 September 2006, at 11:36am

MALAYSIA - Lay Hong Bhd, which turned in a pre-tax profit of RM10.28mil for the financial year ended March 31 after two consecutive years of losses, hopes to sustain its earnings momentum this year.

This will be achieved on the back of better prices for poultry products and market expansion overseas.

Managing director Yap Hoong Chai said although the price of broilers had increased substantially during the past year, the price of eggs had lagged behind.

“Unlike other poultry companies, eggs contribute almost half of our revenue. We hope the price of eggs will increase in tandem with other poultry products to enable us to sustain our profitability,” he said after the company AGM yesterday.

Lay Hong's farms currently produces 1.1 million eggs per day. With the completion of its new RM18mil farm in Jeram, Selangor, by the first quarter of 2007, the company is targeting 1.3 million eggs per day.

Source: Malaysia Star

5m Editor