Charoen Pokphand Foods Public Company Limited (CPF) reported total sales of 96,224 million baht for the first quarter of 2015.  Sales from Thailand operations was 36% and sales from international operations and export was 64%.  CPF reported a net profit of 2,956 million baht, an increase of 44% from the same period last year.

For this year, CPF’s business faces with several challenge factors. Major challenge is the fluctuation of the world economic. Fluctuation of Thailand economy has negatively impacted on domestic consumption while domestic market has experienced with meat oversupply in the early of this year. The depreciation of currencies in several countries also impact CPF’s business. However, CPF believes in the growth potential of the ASEAN region in the long term, said Mr. Adirek Sripratak, President and Chief Executive Officer. 

In addition, CPF’s shareholders approved the increase of investment in Cambodia from 25% to 100%. The transaction will be completed within the second quarter this year. After the completion, CPF will become a leader in the agribusiness industry in Indochina which has high potential for economic and consumption growth in the future.

For the year 2015, CPF will focus on the overseas business expansion and acquisition of relevant businesses. CPF expects sales growth of at least 10% from 2014. Sales growth will mainly derive from international business./