Charoen Pokphand Foods: Overseas sales growth recorded
Charoen Pokphand Foods (CPF) reports Thai baht strength has had “slight impact on business growth.”
Growing overseas operations
This has been stated by CEO president Adirek Sripratak, with overseas operations in India, Turkey and Russia, collectively recording a sales growth of 91% for the first half of the year, as compared with just 7% in Thailand.
CPF’s overseas operations make up 27% of the company’s sales, with exports accounting for 13% and domestic sales 60%.
Overall, he says, CPF’s first half-year sales rose 21% year-on-year to 91.47 billion baht, with net profit up 82% to 7.22 billion baht, adding that “CPF aims to raise the revenue contribution from overseas to 40% with exports 20% and domestic sales 40%”. ©