CPF’s profit jumped by 45% 

In addition, the company’s total sale during first nine months this year achieved 344.839 billion baht, up by 11% and net profit surged by 36% to Bt12.965 billion.
CPF’s structure of sale generated by its overseas investment and export from Thailand accounted for 68% of its total sales. Its business in Vietnam showed a significant result operation when compared with others after stepping forward on its goal. On the other hand, sale in Thailand which accounted for 32% of the company’s total sale presenting better operation compared with the same period of last year. This good performance came from livestock business particularly meats in domestic market has turned back to usual situation after facing oversupply problem since last year. Another important factor to drive growth generated from the recovery of shrimp farming after affecting from EMS (Early Mortality Syndrome) for years.
Moreover, the company’s good expenditure management both in sale and overall management had brought down its financial cost. This has reflected to CPF’s net profit grew by 36% during the first nine months this year.
Adirek Sripratak, President and Chief Executive Officer of CPF, said that the company’s result operation has stepped forward to its goal as overseas business and investment succeeded as planned. It will also be the key driven factor of the business growth in the future.
This year, investment in China and Vietnam, which a combined sale reached 39%, are still being core countries to generate business growth. However, Russia, India and the Philippines will become potential countries to bolster CPF’s business in the long run.
Under the company’s idea to run food business from high protein meat quality with reasonable price, CPF’s key business expansion strategy is to export business into countries where agro-business industry has high potential. Particularly, the company can help developing countries to learn more on modern farming by implementing advanced technology to ensure efficiency of production and high quality meat.
Moreover, CPF also still explores business opportunity in developed countries to investment in downstream processing and value-added foods. To achieve the strategy, the company has stepped forward on merger and acquisition. The practice has encouraged the company to create business faster than setting up new plant. Potential business to acquire has to come in line with CPF’s strategy underlining good management, fair price and value to extend business of the company.