August 14, 2008
Bangkok - Charoen Pokphand Foods (CPF) reported 1.4-billion-baht profits in the first half of this year.
CPF, Thailand’s biggest food producer, faced a loss of 180.3 million baht in the same period of last year.
Its profits were mainly supported by meat sales in Thailand.
Pork prices rose because of lower supply and a higher export demand for chicken and pork.
CPF expected it would post a better outlook towards the year end.
CPF chief executive Adirek Sripratak was confident the company’s annual sales of 150 billion baht would be met.
Higher profits than last year were also targeted.
CPF’s revenue remained at 72.9 billion baht for the first six months of this year. The company approved dividends of 0.08 baht per share.
