Kiwi poultry business Tegel Group Holdings Ltd (ASX: TGH) publicly released its full-year financial results this morning.

Established in the 1960’s, Tegel Group is a near $400 million poultry business headquartered in New Zealand.

This morning, Tegel reported its highest ever poultry volumes, equal to 99,908 tonnes, up from 98,036 tonnes in its 2017 financial year. The increase in volume resulted in a 2% increase to sales revenue.

An increase in costs, however, saw Tegel’s net profit fall 17.7% to $26.1 million.