Charoen Pokphand Foods Public Company Limited (“CPF”) and its subsidiaries are the leading agro-industrial and food conglomerate in Thailand. The Group is committed to be “Kitchen of the World” by meeting the needs of global consumers and supplying them with nutritious protein sources and food products. We are dedicated to continuous research and development and to deliver the safest and highest quality food products. Last but not least, we strive for the solid and sustainable growth of our business.  
 



The CPF Group reported consolidated sales of THB 165,063 million in fiscal year 2009, a 6% increase over 2008. Domestic sales accounted to 66% of total sales, whereas export represented 15% and the remaining 19% from our sales in overseas operations.

Emphasis on improving production efficiency and processes to lower costs helped to maintain our competitiveness during the uncertain economic climate of 2009. Our expansion of food business and investments in overseas operations which met our growth expectation also contributed to the healthy business performance. Moreover, the Group’s prudent approach in financial management to minimize expenses and lower interests led to a 226% rise in consolidated net profit of THB 10,190 million in 2009.



For the fiscal year 2009, CPF declared dividend payment twice totaling THB 0.73 per share. Interim dividend from the first six-months results of 2009 was THB 0.23 per share. At the Board of Directors meeting on February 19, 2010, the Board of Directors proposed the annual dividend payment considering from the second half results of 2009 at THB 0.50 per share. The Board of Directors will propose the annual dividend payment for approval at the Annual General Shareholders’ Meeting No.1/2010 to be held on April 21, 2010.



In 2010, global economic uncertainty remains with expected volatility on foreign currency exchange and financial expenses. The CPF Group will continue to ensure that each business line strive for higher operation and production efficiency, with close attention to financial risk management.

We will continue to focus on expansion of ready-to-eat food products under the CP brand and with increase distribution channels. On international front, we aim to expand our animal feed and meat business to more countries with high per capita consumption growth. We will manage and control our production process and cost. Advertising and promotion campaigns will be launched to create brand awareness and loyalty. With the aforementioned strategies, we are confident our operation results in the year 2010 will be at a satisfactory level.

The CPF Group gives great importance to abide by good corporate governance and including corporate social responsibility, development of personnel and human resources, and risk management. These major and crucial factors will drive CPF Group toward sustainable growth and strong returns to its shareholders.

On behalf of the CPF Group, we would like to express our sincere appreciation to our shareholders and bondholders as well as our trading partners and financial institutions for the continual trust and support. We particularly owe our thanks to our valuable customers for their loyalty and patronage of our products. We look forward to receiving such kind consideration as always.