CPF profit up 40%

May 16, 2019

Thailand’s Charoen Pokphand Foods (CPF) and its subsidiaries reported a profit of USD135.62 million in Q1 2019, up 40% over the same period last year. This was derived mainly from its pig business in Vietnam, Thailand and Cambodia, said Mr Sooksunt Jiumjaiswanglerg, Chief Executive Officer for Agro Industrial Business and CPF Co President. He pointed that the African Swine Fever (ASF) outbreak in Vietnam led to an increase in pork price. The year on year total revenue of the conglomerate was also as much as USD 3.97 billion, thanks to income from overseas investment.