About Me

header ads

CPF’s sales revenue reach Bt 541 billion, showing an 8% annualized growth Overseas businesses contributed 67%

Charoen Pokphand Foods PLC (CPF), one of the world’s leading agro-industrial and food conglomerates with investment in 17 countries, posted Bt541,937 million in sales revenue in 2018 and Bt15,531 million in net profits.
Mr.Sooksunt Jiumjaiswanglerg, Chief Executive Officer for agro-industrial business and Co-President of CPF, said that CPF’s sales revenue based on local currencies grew 12% year on year. The annualized sales revenue should continue growing by 8-10% in 2019, thanks to continued growth in overseas operations following the expansion in aquatic and non-aquatic businesses.  
Mr.Sukhawat Dansermsuk, Chief Executive Officer for food business and Co-President of CPF, noted that driven by deep changes in consumer behaviors, the Company emphasizes research and development to introduce food products that satisfy the palates of consumers in various countries; the recipes that contain quality raw materials throughout the production chain; and environmental-friendly packaging. As distribution channels will compliment these strategies, the Company has teamed up with Taiwan-based HiLai Group to open Harbour, a seafood buffet restaurant at Iconsiam,  
Mr.Sujint Thammasart (DVM), Chief Operating Officer for Aqua-Business, asserted that the outbreak of Early Mortality Syndrome (EMS) and localized diseases like EHS in several Asian countries has motivated the Company to expand its aquatic production base. At present, the aquatic business is located in 8 countries – Thailand, China, Vietnam, Indian, Malaysia, the Philippines, Brazil and the United States. In 2018, the aquatic business generated Bt74,513 million in sales revenue. The business’ sales revenue is expected to rise by more than 15% in 2019 while net profits should grow accordingly, particularly that of the operations in Thailand.  
 CPF’s Board of Directors resolved to hold the annual shareholder meeting No.1/2019 at 13.30 hr on 24 April 2019, at the 3rd-floor Auditorium of Panyapiwat Institute of Management’s Convention Hall Building, 85/1 Moo 2 Chaeng Wattana Road, Tambon Bangtalad, Pakkret, Nonthaburi. Shareholders will be asked to consider the proposed dividend payment for the 2018 operations at Bt0.65 per share. Excluding the interim dividend payment of Bt0.35 per share paid on 7 September 2018, shareholders will receive the remaining dividend of Bt0.30 per share.