CPF sales continue to reach new heights
Charoen Pokphand Foods expects sales revenue this year to pass Bt300 billion, then double to Bt600 billion within five years, thanks to rising demand from overseas markets.
Chief executive officer Adirek Sripratak said CPF forecast sales of Bt300 billion this year, up by more than 50 per cent from last year. The projected growth is in line with expanded investment in China and Vietnam.
The company is also pursuing sustainable business growth by focusing on foods and value-added products and is seeking opportunities to invest in many countries. It now has a presence in 12 countries, including India, Malaysia and Russia as well as Vietnam and China.
In Thailand, the food business is still CPF’s main driver of growth, especially its ready-to-eat products under the CP brand. As for exports, it expects 20-per-cent growth this year.
CPF net-profit growth has averaged 88 per cent annually during the past five years. Last year its net was Bt15.837 billion.
Because of its continued overseas business expansion and the growth of the food business, CPF forecasts that its total sales value in five years will exceed Bt600 billion, of which 60 per cent will be contributed by the overseas markets.
