Bairaha Farms PLC, the pioneer chicken processor in the country for well over four decades, said it has embarked on a Rs.1.3 billion expansion project to increase the day-old broiler chick production by over 50 percent over a period of 3 years. 

The company said the investment will be undertaken through its wholly owned Siyane Farms Limited.

For the December quarter (3Q17) Bairaha Farms saw its net profit falling 53 percent year-on-year (YoY) to Rs.98.4 million on a 3 percent YoY revenue decline.