CPF board signs off on dividend after strong results
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Charoen Pokphand Foods Plc (CPF)’s board has approved a dividend of Bt0.50 per share on September 8, with closing shareholders’ accounts to be fixed on August 25.
The company booked sales of Bt245.587 billion and a net profit of Bt8.02 billion in the first half of this year, up 10 per cent and 2.95 per cent respectively from the same period of last year.
Up to 64 per cent of total revenue came from overseas, with 30 per cent from Thailand, according to the company’s press statement yesterday.
The company’s overseas investments increased by 16 per cent, mainly to China, Russia and the Philippines. It said business growth had also been generated by its mergers and acquisitions in the US since late last year. Sales in Thailand grew by 2 per cent, aided by increasing exports.
