ABOUT CPF
ABOUT CPF
CPF operates integrated agro-industrial and food business with its objectives to provide products in high quality and environmentally and socially responsible manner.
Business Overview Staff Login
BUSINESS
Business
CPF is committed to providing high quality products that are nutritious, tasty, safe and traceable.
Overview
GOVERNANCE
Corporate Governance
Continuously develop and achieve business growth goals and fulfill the commitment to sustainable long-term value. Go with all stakeholders.
Overview
our mision
Message to Shareholders
The company is still working hard to raise its competitive edge. For continued growth
MEDIA CENTER
Media Center
Discover our latest news, covering sustainability, innovations, industry news and more
Media Center
media-center
Media Center
Find CPF’s latest news and many of our good stories.
ENGLISH
14 May 2020
CPF's Q1 earnings spike 43%,amid expectations of mild impacts from COVID-19 and better annualized results

Charoen Pokphand Foods Public Company Limited (CPF) reported Bt6,111 million in net profits in the first quarter of 2020, a 43% increase from the same period last year, due chiefly to the African Swine Fever ( ASF) that caused a significant shortage in pork supplies and a spike in pork prices in many countries particularly Vietnam.

 

CPF, a leading agro-industrial and food conglomerate that operates in 17 countries and exports products to more than 30 countries under the "Kitchen of the World" vision, reaped Bt138,135 million in sale revenue in the first quarter, up by 10% from the corresponding period last year. The sale revenue of its overseas businesses in 16 countries which contributed 68% of total revenue increased by 12% on year, while the operations in Thailand which constituted 32% of total revenue witnessed a 6% revenue growth rate.

 

Mr. Prasit Boondoungprasert, chief executive officer of CPF, said that the increase in net profit was contributable to the pork business in many countries particularly Vietnam. The ASF outbreak last year led to a significant decline in pork supplies in Vietnam, which pushed up the average pork prices in Vietnam and Cambodia. Meanwhile, businesses in many destinations achieved expansion targets while CPF started to realize revenue from Hylife Co., Ltd, a pork business operator in Canada, in the first quarter.

 

Mr. Prasit said that the COVID-19 pandemic led to the economic slowdown and lower purchasing power, but CPF's businesses witnessed only a mild impact as its products are essential for everyday life. CPF has upheld its mission in delivering quality and safe products while ensuring no stoppage in production and work process which may cause food shortages. Maximum safety measures have been exercised to cope with the outbreak while employees are assured of the best care. CPF also initiated a social program by supplying food to 200 public hospitals under the Public Health Ministry, 20,000 medical personnel' families and 20,000 overseas returnees. CPF recently issued more than 1 million discount coupons to medical care volunteers to ease their cost of living, while delivering 25 batches of food to slums in the Greater Bangkok and provinces in cooperation with the Agriculture Ministry.

 

CPF has applied risk-diversification strategies, banking on the variety of animals and products as well as investment destinations. Aside from the well-balanced portfolio, CPF has continually emphasized safe production process to ensure quality products for consumers and adjusted marketing channels accordingly to changing consumer behaviors. CPF's business plan has been reviewed in response to the COVID-19 outbreak, to offer better marketing channels under a New Normal. The operating results for 2020 are thus expected to exceed the 2019 level as expected.

Tag: #CPF #covid19 
Other Activities
05 Jun 2020
CPF ขอบคุณนักลงทุนไว้วางใจบริษัท ความสนใจจองซื้อหุ้นกู้เกินเป้าหมายที่ตั้งใจไว้ 25,000 ล้านบาท

Tag:

#cpf 
04 Jun 2020
CPF Food truck gives away meals to Wat Ruak Bang Bamru Community
03 Jun 2020
Deputy PM joins CPF food truck project to hand out free meals
01 Jun 2020
CP volunteers in Trok Chan pop up community pantry to feed neighborhood