CPF announces dividend on back of first-half results

TUESDAY, AUGUST 15, 2017
CPF announces dividend on back of first-half results

Charoen Pokphand Foods’ (CPF) board has approved a dividend of Bt0.50 per share, which will be paid on September 8 to shareholders registered with the listed company by August 25.

The announcement follows operating results showing revenue of Bt245.587 billion and a net profit of Bt8.02 billion in the first half, up 10 per cent and 2.95 per cent respectively from the same period last year.
Some 64 per cent of revenue was generated from overseas operations, 30 per cent from domestic sales, and the remainder from exports from Thailand, according to a company press release. 
CPF’s overseas investments increased business by 16 per cent in the first half, mainly due to operations in China, Russia and the Philippines. 
Business growth was also generated by merger and acquisition activity in the US since late last year. 
Thailand-based revenue grew by 2 per cent, due mainly to increased exports from the KIngdom.