Some of the operations now at its farm in Bulathsinghala will be re located to a new facility at Hijra Farm.
The group in 2007 posted 61.4 million rupee profit over 3.2 million, one year back.
Group revenue also increased to 924.5 million from 685.9 million rupees.
The group was able to cushion the rising cost of production from the higher raw material costs by increasing productivity, the report said.
Following the increase in selling price of day old chicks, "the price hike and the marginal increase in demand volumes buffered the enormous production costs and helped TAFL to stabilise its finances and generate profits," the company says.
The cost of sales was 790.1 million rupees in 2007, up from 651.8 million in 2006.
TAFL was acquired by Ceylon Grain Elevators in 1992 to expand their own chick producing facility.
TAFL has three breeder farms in Meegoda, Kosgama and Halwathura and the farms in Bulathsinghala, Kalutara and Beruwala undertakes commercial and livestock farming..