THAILAND, Bangkok. Charoen Pokphand Food Plc (CPF) reported its result operation in the third quarter this year reached 122.549 bn. baht, an increase by 10% while net profit jumped by 45% to 5.184 bn. baht compared with the same period of last year.
Moreover, the company good management in expenditure in sale and overalls had brought down its financial cost. This has reflected to CPF’s net profit grew by 36% during the first nine months this year. This year, investment in China and Vietnam, which a combined sale reached 39%, are still being core countries to generate business growth. However, Russia, India and the Philippines will become potential countries to bolster CPF’s business in the long run.
Under the company’s idea to run food business from high protein meat quality with reasonable price, CPF key business expansion strategy is to export business into countries where agro-business industry has high potential. Particularly, the company can help developing countries to learn more on modern farming by implementing advanced technology to ensure efficiency of production and high quality meat.