Egg subsidy removal sends Teo Seng profit down 82.5%

Malaysia’s Teo Seng Capital recorded an 82.5% yoy decline in net profit to USD 1.8 million in Q2 2026, following the removal of the country’s egg subsidy scheme. Revenue remained stable at USD 42 million for the quarter ended June 30. For the first half, net profit fell 73.4% to USD 5.4 million...