Teo Seng absorbs sharp profit drop after subsidy removal

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Teo Seng Capital recorded an 82.5% year-on-year decline in net profit to USD 1.8 million in Q2 2026 following the removal of the Malaysia 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, a...

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