TEO SENG CAPITAL BHD’s net profit for the financial year ended Dec 31, 2019 jumped to RM58.84 million from RM30.39 million the preceding year.

Revenue rose by 12 per cent to RM547.10 mil from RM490.29 mil previously on the back of better contribution from its poultry farming segment, it said in a filing with Bursa Malaysia today.

Its poultry farming revenue rose 12%, mainly due to the selling price of eggs which continued to remain stable, coupled with an increase in sales resulting from sustainable production efficiency.

Additionally, its animal health products segment also contributed a nine per cent increase in revenue for the financial period under review, it added.

MARINE & GENERAL BHD’s (M&G) wholly-owned subsidiary, Jasa Merin (M) Sdn Bhd, has bagged a work order contract for the provision of an anchor handling tug supply vessel for Petronas Carigali Sdn Bhd worth RM14 million.

In a filing to Bursa Malaysia, it said the contract, which commenced mid-Feb 2020, is for a duration of 363 days from the commencement date.

“It is expected to contribute positively to M&G’s earnings for the financial period ending April 30, 2020 and thereafter for the duration of the contract,” it added.

CANON MARKETING (Malaysia) SDN BHD announced that the company is currently developing the EOS R5 full-frame mirrorless camera.

The camera will contain complementary metal–oxide–semiconductor (CMOS) sensor, image processing, optical and other state-of-the-art technologies the brand has cultivated through its long history of camera development.

“In line with this, Canon plans to release nine RF (rear focusing) lenses currently in development over the course of 2020,” it said in a statement today.  – Feb 14, 2020, Bernama.

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