November 13, 2007

Higher meat prices help CPF achieve 92 percent rise in profits for Q3
 

Food giant Charoen Pokphand Foods (CPF) on Monday (November 13, 2007) announced third-quarter profit of THB 1.3 billion (US$38.4 million), up 92 percent from the same period a year ago, thanks to higher meat prices in Thailand, Turkey and India.

CPF reported a 9 percent increase in sales to 35.5 billion baht.

Domestic operations accounted for 66 per cent of total revenues, CPF president and chief executive Adirek Sripratak said.

CPF is Thailand's leading multinational company with investments in China, most of South-East Asia, India and Turkey. The company earlier this year opened operations in Laos and plans to begin operations in Russia in 2008.