CPF's profit jumps 33 per cent
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Charoen Pokphand Foods Plc’s profit jumped 33 per cent to Bt14.70 billion last year, so it has appointed new executives to respond to growth as the operation keeps expanding in strategic areas.
Sales increased 10 per cent to Bt464.46 billion in 2016.
Overseas operations and its export business accounted for 68 per cent of total sales, with the remaining 32 per cent coming from Thailand.
The profit surge was attributed largely to the operation results of the terrestrial animal business in Thailand, which returned to normal, as well as the gradual recovery of the shrimp industry in Thailand after being affected by the Early Mortality Syndrome.
The profit increase was partially a result of operation results in CPF’s new subsidiaries in Russia and Cambodia together with effective cost management mechanisms.
