January 9, 2009
CPF profits up 151 percent in Jan-Sept 2008
Charoen Pokphand Foods (CPF), Thailand's largest food processor, has posted a surge of 151 percent in profits for the first three quarters of 2008.
Sales grew by 17 percent and there was a sharp increase in export sales. Chicken exports increased and meat products sales on the domestic market grew.
Although CPF has seen lower pig and poultry prices, and the cost of raw materials and feed have gone down, the fourth quarter will reflect a slowdown caused by the economic crisis, according to CEO Adirek Sripratak.
CPF exports poultry products to Russia, India, Vietnam and Malaysia.
