Teo Seng Capital Bhd (TSC) expects to increase its daily egg production to 2.1 million from 1.8 million towards the end of the year.
The company now exported 30% of its egg production to Singapore, up from 10%. The company has 16 farms in Batu Pahat with over two million layer birds.
TSC wants to diversify its earnings from mainly egg production to breeding freshwater fish. The company was currently in the final phase of constructing 14 ponds in Batu Pahat to rear tilapia, an increasing popular fish.
He said the venture into freshwater fish breeding would make TSC the first listed layer farming company to enter an such activity.
For the financial year ended March 31, 2010, TSC registered net profit of RM15.15mil on RM167.96mil in revenue compared with RM12.61mil and RM181.43mil respectively in FY09.
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