CPF profits surge by 504% to B7.3bn in third quarter

Quick Summary:

Charoen Pokphand Foods Plc (CPF) reported a 504% increase in net profit to 7.3 billion baht in the third quarter this year, marking a strong recovery from the previous year's loss.

This was achieved through business restructuring, strategic adjustments to respond to economic conditions, and adapting to consumer behaviour in various regions, he said.

This robust performance was driven by a recovery in Vietnam's pig market, with prices climbing based on supply adjustments following previous outbreaks.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaVietnam

Topics: Billion 504% Year Operations Profit Baht Company Profits Growth Performance Prasit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 05:37:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 551 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23642250

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