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ผู้เขียน หัวข้อ: Thailand; CP Foods, Profits Up  (อ่าน 1830 ครั้ง)
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« เมื่อ: พฤษภาคม 31, 2009, 11:57:40 AM »

Thailand; CP Foods, Profits Up

 
Net profits at Charoen Pokphand Foods (CPF), Thailand’s largest agro-industrial and food conglomerate and one of the world’s largest shrimp farmers and processors, soared 71% in the first quarter of 2009, thanks to improving gross margins and lower raw material prices.
 
On May 13, 2009, CPF reported a net profit of $22.4 million for the first three months of 2009, up from $13.1 million the previous year.
 
Adirek Sripratak, President and CEO of CPF, attributed the jump in profits to successful production and financial management—and to national and global improvements in the aquaculture business, which appears to be getting back to normal after a one-year slowdown.
 
“The global financial crisis that started last year has had little impact on CPF’s export revenues because Thailand has received more orders from Japan as a result of the food safety issue in China last year,” said Adirek.  “Also, CPF’s ready-to-eat products such as shrimp wonton, which we started to export last year, have been well accepted in many countries, especially in the United States.”
 
CP India: In a related development, on May 13, 2009, the company’s board gave a green light for the increase of its investment in Charoen Pokphand (India) Private, Ltd. (CPI), from 71.2% of paid-up shares to 100%.
 
Source: Bangkok Post.  Agribusiness/CPF’s Q1 Profit up 71% on Fatter Margin, Low Costs.  May 14, 2009.
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