May 15, 2008

CPF reports Q1 net profit of US$14 million
 

Charoen Pokphand Foods (CPF) has announced a net profit of THB 451.2 million (US$14 million) in the first quarter on improved chicken and pork prices.
 

Although improved chicken and pork markets had helped in the result, it has been limited by rising input costs, according to Adirek Sripatak, president and chief executive of CPF.

First quarter revenue grew 17 percent on-year to THB 34.7 billion (US$1.08 billion) from THB 29.6 billion (US$914 million), with total expenses rising 11 percent to THB 33.6 billion (US$1.04 billion) from THB 30.4 billion (US$937 million).

However, the earnings fell short of the initial expectations of THB 671.2 million (US$20.6 million) from seven analysts polled by Dow Jones Newswire.